Partnership Tax

Section 1, Fall 22

Schedule Information

Enrollment: 21/44
Credits: 3
Days* Time Room Start Date End Date
  • MW
  • 1000-1120
  • SL258
08/31/2022 12/07/2022
*“R” means Thursday

Course Description

This course examines the federal income taxation of partnerships and their partners. The universe of businesses subject to partnership tax has been steadily increasing, and includes not only traditional partnerships and limited liability companies but also more exotic arrangements such as domestic and international joint ventures. The course emphasizes the policy choices that lend structure and coherence to many of the specific details of the law, and uses problems to illustrate the basic principles. Partnership transactions are considered in a building-block order, progressing from basic to more complex transactions, to help demonstrate that a given transaction may be structured in different ways to achieve different tax goals, and that the taxation of complex transactions to some extent flows naturally from how simpler ones are taxed. Because the course draws heavily from basic tax concepts, students should have already taken Federal Income Tax, but no other special background (e.g., accounting or partnership law) is necessary.

Course Requirements

Exam Info:
Final Type (if any): Flex
Description: Flex exam at end of semester.

Written Work Product
Written Work Product:

Other Work

Other Course Details
Prerequisites: (Federal Income Tax (6106)) Concurrencies: None
Mutually Exclusive With: None
Laptops Allowed: Yes
First Day Attendance Required: No
Course Resources: To be announced.
Course Notes:

Graduation Requirements

*Satisfies Writing Requirement: No
**Credits For Prof. Skills Requirement: No
Satisfies Professional Ethics: No

*If “Yes,” then students are required to submit a substantial research paper in this course, which means students do not need to submit any form to SRO for this paper to meet their upper-level writing requirement. If “No,” then students must submit a “special request” e-form to SRO (available via LawWeb) no later than five weeks after the start of the term for a paper in this class to be counted toward the upper-level writing requirement.

**Yes indicates course credits count towards UVA Law’s Prof. Skills graduation requirement, not necessarily a skills requirements for any particular state bar.

Schedule No.
Law No.
Modified Type
Cross Listed: No
Cross-Listed Course Mnemonic:
Concentrations: Tax Law
Public Syllabus Link: None
Evaluation Portal Via LawWeb Opens: Tuesday, November 29, 12:01 AM
Evaluation Portal Via LawWeb Closes: Friday, December 09, 11:59 PM