Taxation of Business Entities II: Pass-Through Entities
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Approx. 35 hours to complete
Course Summary
This course delves into advanced tax topics for business entities, including tax implications of partnership, S corporations, and limited liability companies.Key Learning Points
- Learn about the different types of business entities and their tax implications
- Understand the tax treatment of partnerships, S corporations, and limited liability companies
- Explore advanced tax topics, such as tax-free reorganizations and mergers
Job Positions & Salaries of people who have taken this course might have
- USA: $95,000 - $150,000
- India: ₹10,00,000 - ₹25,00,000
- Spain: €45,000 - €80,000
- USA: $95,000 - $150,000
- India: ₹10,00,000 - ₹25,00,000
- Spain: €45,000 - €80,000
- USA: $70,000 - $95,000
- India: ₹7,00,000 - ₹15,00,000
- Spain: €35,000 - €60,000
- USA: $95,000 - $150,000
- India: ₹10,00,000 - ₹25,00,000
- Spain: €45,000 - €80,000
- USA: $70,000 - $95,000
- India: ₹7,00,000 - ₹15,00,000
- Spain: €35,000 - €60,000
- USA: $60,000 - $80,000
- India: ₹5,00,000 - ₹12,00,000
- Spain: €30,000 - €50,000
Related Topics for further study
Learning Outcomes
- Understand the tax implications of different types of business entities
- Analyze the tax treatment of partnerships, S corporations, and limited liability companies
- Apply advanced tax concepts to real-world scenarios
Prerequisites or good to have knowledge before taking this course
- A basic understanding of taxation and business entities
- Familiarity with financial statements and accounting principles
Course Difficulty Level
AdvancedCourse Format
- Online
- Self-paced
Similar Courses
- Federal Income Taxation
- Accounting Analytics
- Corporate Finance Essentials
Related Education Paths
Notable People in This Field
- Mark J. Kohler
- Barbara Weltman
Related Books
Description
This course provides an introduction to the U.S. federal income taxation of pass-through business entities, including Subchapter S corporations, partnerships, and limited liability companies. The course focuses on the relevant provisions of Subchapters S and K of the Internal Revenue Code, as well as related Treasury Regulations and judicial opinions, governing the formation, operation, and termination of pass-through entities. Practical in-class study problems facilitate self-discovery of technical tax knowledge along with the development of a variety of professional skills and attitudes.
Outline
- Introduction to Course
- Course Overview
- About Prof Donohoe
- Learn on Your Terms
- Syllabus
- About the Discussion Forums
- Learn More About Flexible Learning Paths
- Update Your Profile
- Build a Learning Community with Social Media
- Orientation Quiz
- Module 1 Partnership Formation
- Module 1 Introduction
- Lesson 1.1.1 Partnerships
- Lesson 1.1.2 Legal Framework
- Lesson 1.1.3 Special Basis Concepts
- Lesson 1.1.4 Other Issues
- Lesson 1.2.1 Nonrecognition Provision: Concepts
- Lesson 1.2.2 Nonrecognition Provision: Applications
- Lesson 1.3.1 Basis Determination & Holding Period: Concepts
- Lesson 1.3.2 Basis Determination & Holding Period: Applications
- Lesson 1.4.1 Nonrecognition Exceptions: Concepts
- Lesson 1.4.2 Nonrecognition Exceptions: Applications
- Lesson 1.4.3 Other Issues
- Lesson 1.5.1 Initial Costs
- Lesson 1.5.2 Accounting Methods
- Lesson 1.5.3 Tax Year
- Lesson 1.5.4 Applications
- Module 1 Wrap-Up
- Module 1 Overview and Resources
- Lesson 1.1.1 Knowledge Check
- Lesson 1.1.2 Knowledge Check
- Lesson 1.1.4 Knowledge Check
- Lesson 1.2.1 Knowledge Check
- Lesson 1.3.1 Knowledge Check
- Lesson 1.4.1 Knowledge Check
- Lesson 1.4.3 Knowledge Check
- Lesson 1.5.1 Knowledge Check
- Lesson 1.5.2 Knowledge Check
- Lesson 1.5.3 Knowledge Check
- Module 1 Quiz
- Module 2 Partnership Operations
- Module 2 Introduction
- Lesson 2.1.1 Income Measurement & Reporting: Concepts
- Lesson 2.1.2 Income Measurement & Reporting: Applications
- Lesson 2.2.1 Partner’s Distributive Share: Concepts
- Lesson 2.2.2 Partner’s Distributive Share: Applications
- Lesson 2.3.1 Outside Basis Adjustments: Concepts
- Lesson 2.3.2 Outside Basis Adjustments: Applications
- Lesson 2.4 Partners' Deduction for Qualified Business Income
- Lesson 2.5.1 Partner Loss Limitations: Concepts
- Lesson 2.5.2 Partner Loss Limitations: Applications
- Lesson 2.6.1 Related Transactions: Concepts
- Lesson 2.6.2 Related Transactions: Applications
- Module 2 Wrap-Up
- Module 2 Overview and Resources
- Lesson 2.1.1 Knowledge Check
- Lesson 2.2.1 Knowledge Check
- Lesson 2.3.1 Knowledge Check
- Lesson 2.5.1 Knowledge Check
- Lesson 2.6.1 Knowledge Check
- Module 2 Quiz
- Module 3 Partnership Distributions
- Module 3 Introduction
- Lesson 3.1.1 Concepts I
- Lesson 3.1.2 Applications I
- Lesson 3.1.3 Concepts II
- Lesson 3.1.4 Applications II
- Lesson 3.2.1 Concepts I
- Lesson 3.2.2 Applications I
- Lesson 3.2.3 Concepts II
- Lesson 3.2.4 Applications II
- Lesson 3.2.5 Concepts III
- Lesson 3.2.6 Applications III
- Lesson 3.2.7 Concepts IV
- Lesson 3.2.8 Applications IV
- Lesson 3.2.9 Concepts V
- Lesson 3.2.10 Applications V
- Lesson 3.3.1 Disproportionate Distributions: Concepts
- Lesson 3.3.2 Disproportionate Distributions: Applications
- Module 3 Wrap-Up
- Module 3 Overview and Resources
- Lesson 3.1.1 Knowledge Check
- Lesson 3.1.3 Knowledge Check
- Lesson 3.2.1 Knowledge Check
- Lesson 3.2.3 Knowledge Check
- Lesson 3.2.5 Knowledge Check
- Lesson 3.2.7 Knowledge Check
- Lesson 3.3 Knowledge Check
- Module 3 Quiz
- Module 4 Partnership Sales and Terminations
- Module 4 Introduction
- Introduction to Sale of Partnership Interest
- Lesson 4.1.1 Seller Concepts
- Lesson 4.1.2 Seller Applications
- Lesson 4.1.3 Buyer Concepts
- Lesson 4.1.4 Buyer Applications
- Lesson 4.2.1 Special Basis Adjustment: Concepts
- Lesson 4.2.2 Special Basis Adjustment: Applications
- Lesson 4.3.1 Other Dispositions: Concepts
- Lesson 4.3.2 Other Dispositions: Applications
- Lesson 4.4.1 Partnership Termination: Concepts
- Lesson 4.4.2 Partnership Termination: Applications
- Module 4 Wrap-Up
- Module 4 Overview and Resources
- Lesson 4.1.1 Knowledge Check
- Lesson 4.1.3 Knowledge Check
- Lesson 4.2.1 Knowledge Check
- Lesson 4.3.1 Knowledge Check
- Lesson 4.4.1 Knowledge Check
- Module 4 Quiz
- Module 5 Other Pass-Through Entities
- Module 5 Introduction
- Limited Liability Companies
- Limited Liability Partnerships
- Family Partnerships
- Lesson 5.4.1 Background
- Lesson 5.4.2 Qualifications
- Lesson 5.4.3 Subchapter S Election
- Lesson 5.4.4 Compliance Procedures
- Lesson 5.4.5 Applications
- Module 5 Wrap-Up
- Module 5 Overview and Resources
- Lesson 5.1 Knowledge Check
- Lesson 5.2 Knowledge Check
- Lesson 5.3 Knowledge Check
- Lesson 5.4.1 Knowledge Check
- Lesson 5.4.2 Knowledge Check
- Lesson 5.4.3 Knowledge Check
- Module 5 Quiz
- Module 6 S Corporation Operations
- Module 6 Introduction
- Lesson 6.1.1 Income Measurement & Allocation: Concepts
- Lesson 6.1.2 Income Measurement & Allocation: Applications
- Lesson 6.2.1 Shareholder Basis Determination: Concepts
- Lesson 6.2.2 Shareholder Basis Determination: Applications
- Lesson 6.3.1 Shareholder Loss Limitations: Concepts
- Lesson 6.3.2 Shareholder Loss Limitations: Applications
- Lesson 6.4.1 Operating: Concepts
- Lesson 6.4.2 Operating: Applications
- Lesson 6.4.3 Liquidating: Concepts
- Lesson 6.4.4 Liquidating: Applications
- Lesson 6.5.1 Special Taxes
- Lesson 6.5.2 Other Issues
- Module 6 Wrap-Up
- Module 6 Overview and Resources
- Lesson 6.1.1 Knowledge Check
- Lesson 6.2.1 Knowledge Check
- Lesson 6.3.1 Knowledge Check
- Lesson 6.4.1 Knowledge Check
- Lesson 6.5.1 Knowledge Check
- Module 6 Quiz
- Module 7 Professional Tax Practice & Ethics
- Module 7 Introduction
- Lesson 7.1.1 The IRS Mission
- Lesson 7.1.2 Structure of the IRS
- Lesson 7.1.3 Powers of the IRS
- Lesson 7.1.4 Tax Return Audits
- Lesson 7.1.5 The Tax Gap
- Lesson 7.2.1 Civil Penalties
- Lesson 7.2.2 Criminal Penalties
- Lesson 7.3.1 Circular 230
- Lesson 7.3.2 AICPA Standards
- Lesson 7.3.3 Tax Adviser Penalties
- Module 7 Wrap-Up
- Module 7 Overview and Resources
- Lesson 7.1.1 Knowledge Check
- Lesson 7.1.2 Knowledge Check
- Lesson 7.1.3 Knowledge Check
- Lesson 7.1.4 Knowledge Check
- Lesson 7.2.1 Knowledge Check
- Lesson 7.2.2 Knowledge Check
- Lesson 7.3.1 Knowledge Check
- Lesson 7.3.2 Knowledge Check
- Lesson 7.3.3 Knowledge Check
- Module 7 Quiz
- Module 8 Strategic Organizational Form Choice
- Module 8 Introduction
- Organizational Form Dilemma
- C Corporation
- Partnership or LLC
- S Corporation
- Summary & Recommendation
- Module 8 Wrap-Up
- Gies Online Programs
- Module 8 Overview and Resources
- Course Wrap-Up
- Congratulations!
- Get Your Course Certificate
- Module 8 Quiz
Summary of User Reviews
Read reviews for Taxation of Business Entities Part 2 course on Coursera. Students highly recommend this course for its comprehensive coverage of tax laws for businesses. However, some users found the course content to be too technical.Key Aspect Users Liked About This Course
Comprehensive coverage of tax laws for businessesPros from User Reviews
- In-depth coverage of important tax concepts
- Clear and concise explanations of complex topics
- Real-world examples and case studies
- Engaging and interactive course content
Cons from User Reviews
- Some users found the course content to be too technical
- Limited interaction with instructors
- Lengthy and time-consuming assignments
- Course materials are not always up-to-date
- Not suitable for beginners or those with little tax knowledge
Michael P Donohoe, PhD, CPA
4.7 Raiting
U.S. Federal Taxation Capstone
- 0.0
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The Capstone is the culminating project in the US Federal Tax Specialization. The Capstone project will be 3 weeks long. Module 1: Capstone Overview & Income, Deductions & Donuts...
Taxation of Business Entities II: Pass-Through Entities
- 4.7
-
![]()
![]()
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This course provides an introduction to the U. S. federal income taxation of pass-through business entities, including Subchapter S corporations, partnerships, and limited liability companies....
