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 Taxation of Pass Through Business Entities TR1918 QR Code
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Taxation of Pass Through Business Entities



The taxation of pass-through business entities, such as Subchapter S corporations, partnerships, and limited liability companies, under U.S. federal income taxation is covered in this training program.It focuses on the requirements of Subchapters S and K of the Internal Revenue Code that apply to the creation, management, and dissolution of pass-through organizations, as well as the associated Treasury Regulations and judicial decisions. 

Program Objectives:

At the end of this program, the participants will be able to:

  • Avoid double taxation.

  • Simplify tax filing processes.

  • Effectively manage and monitor business income.

  • Gain expertise in partnership and corporate taxation, or advance LL.M. studies.

  • Expand their professional practice into business entity taxation.

Targeted Audience

  • Members of the financial accounting team.

  • Finance managers and employees in cost and management accounting.

  • Budget supervisors.

  • Experienced lawyers.

  • Financial commitment and participants in the project.

  • Members of the acquisition team and investment analysts.

Program Outline:

Unit 1:

Partnership Formation:

  • Partnerships.

  • Legal Framework.

  • Special Basis Concepts.

  • Other Issues.

  • Nonrecognition Provision.

  • Basis Determination & Holding Period.

Unit 2:

Partnership Operations:

  • Income Measurement & Reporting.

  • Partner’s Distributive Share.

  • Outside Basis Adjustments.

  • Partners' Deduction for Qualified Business Income.

  • Partner Loss Limitations.

  • Related Transactions.

Unit 3:

Partnership Distributions:

  • Concepts.

  • Applications.

  • Disproportionate Distributions.

Unit 4:

Partnership Sales and Terminations:

  • Seller.

  • Buyer.

  • Special Basis Adjustment.

  • Other Dispositions.

  • Partnership Termination.

Unit 5: 

Taxation Considerations:

  • Initial Costs.

  • Accounting Methods.

  • Tax Year.

  • Applications.

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