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About the Book

Taxation and Business Planning for Partnerships and LLCs

Front Cover - Taxation and Business Planning for Partnerships and LLCs

Bradley Borden
Brooklyn Law School

2017. 678 pages. ISBN: 978-1-4548-7025-8.



About the Book

Taxation and Business Planning for Partnerships and LLCs is uniquely designed to help students become practice-ready with skills that they have developed in a setting that reflects actual practice. This new partnership tax casebook has several key features, including an accompanying client file created to help students learn the law in a practice-like setting. This comprehensive treatise-like casebook includes background information on non-tax topics, such as basic accounting and finance, concepts related to debt, and state-law entity transactions, as well as a general review of basic tax concepts that come up through the course of studying partnership taxation. The first edition of Taxation and Business Planning for Partnerships and LLCs also includes rules of conduct for attorneys and practice before the IRS.

Key features of the First Edition:

  • Written as a treatise, allowing students to start to approach materials the way they will in practice.
  • Comprehensive commentary about tax principles with citations to statutes, cases, regulations, and rulings that the students must study to fully learn the material.
  • Unique client file--includes memoranda that describe a group of business owners that operate a business in an LLC. It also includes documents such as operating agreements and loan documents that are relevant to that business and other transactions. Finally, the client file includes spreadsheets with financial information about the business.

    * Each memorandum corresponds to the chapter in the casebook. Students must understand the client situation presented in the memoranda, read the relevant documents in the client file, process the financial information, and apply the law presented in the corresponding chapter to analyze the problems and present advice in a manner that a lawyer would to such clients.
  • Background information about non-tax topics, such as basic accounting and finance, concepts related to debt, and state-law entity transactions.
  • Provides a general review of basic tax concepts, such as computing gain and loss, the character of income, and realization and recognition.
  • Rules of conduct for attorneys and practice before the IRS. Because the book is practice focused, students should understand the rules that govern that practice.