Taxation of Business Entities II: Pass-Through Entities

Course Provided by: University of Illinois at Urbana-Champaign
Course Taken on: Coursera
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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
  • English
  • Michael P Donohoe, PhD, CPA
  • Coursera