| Highlights: |
" Topics include: - Current developments under Subchapter K
- Allocation of partnership liabilities under S752
- Formation of partnership under S721
- Allocation of profits and losses under S704 (including allocations under <P style=""MARGIN: 0in 0in 0pt"" class=MsoNormal>S704(c) attributable to assets whose values have increased or decreased prior to contribution)
- <P style=""MARGIN: 0in 0in 0pt"" class=MsoNormal>Taxation under S707 attributable to partnership payments to partners (including guaranteed payments under <P style=""MARGIN: 0in 0in 0pt"" class=MsoNormal>S707(c)
- <P style=""MARGIN: 0in 0in 0pt"" class=MsoNormal>Taxation under S731 attributable to liquidating and non-liquidating distributions by partnerships
- <P style=""MARGIN: 0in 0in 0pt"" class=MsoNormal>Taxation under S736 attributable to partnership distributions to retiring partners or deceased partners
- <P style=""MARGIN: 0in 0in 0pt"" class=MsoNormal>Taxation under S741 attributable to sale of partner's equity interest in a partnership (including installment sales or situations where the underlying partnership holds hot assets under S751)
- <P style=""MARGIN: 0in 0in 0pt"" class=MsoNormal>Positive adjustments (if S754 election in effect) and negative adjustments (mandatory of if S754 election is in effect) to inside basis attributable to partnership assets
- <P style=""MARGIN: 0in 0in 0pt"" class=MsoNormal>.....and much more <P style=""MARGIN: 0in 0in 0pt"" class=MsoNormal>
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