Advanced Tax Strategies for LLCs and Partnerships

<p>Chapter 1 1–1</p>
<p>Allocation of Partnership and LLC Income Under Section 704(b) 1–1</p>
<p>Economic Effect: The General Test 1–3</p>
<p>Deemed Economic Effect 1–13</p>
<p>Alternate Test for Economic Effect 1–14</p>
<p>Substantiality 1–18</p>
<p>Denied Allocations: Deter 1–23</p>
<p>Other Issues 1–26</p>
<p>Allocation of Deductions Attributable to Nonrecourse Debt 1–31</p>
<p>Summary 1–35</p>
<p>Chapter 2 2–1</p>
<p>Allocations With Respect to Contributed Property: Section 704(c)(1)(A) 2–1</p>
<p>The Traditional Method 2–4</p>
<p>The Traditional Method With Curative Allocations 2–13</p>
<p>The Remedial Allocations Method 2–16</p>
<p>Special Rules 2–21</p>
<p>Summary 2–24</p>
<p>Chapter 3 3–1</p>
<p>Allocation of Partnership Recourse Liabilities Under Section 752 3–1</p>
<p>How Liabilities Affect Partner Tax Consequences 3–2</p>
<p>Determining the Partners or LLC Members Interests in the Entity..Allocation of Liabilities Among the Partners: In General 3–12</p>
<p>Allocation of Recourse Liabilities 3–15</p>
<p>Chapter 4 4–1</p>
<p>Allocation of Partnership Nonrecourse Liabilities and Related Deductions Under Sections 752 and 704(b) 4 –1</p>
<p>Distinguishing Between Recourse and Nonrecourse Liabilities 4–2</p>
<p>Allocation of Nonrecourse Debts 4–7</p>
<p>Treatment of Contingent Liabilities 4–16</p>
<p>Chapter 5 5–1</p>
<p>Advanced Distribution Rules 5–1</p>
<p>Non–Liquidating Distributions Generally 5–2</p>
<p>Distribution of Multiple Properties 5–7</p>
<p>Summary 5–20</p>
<p>Chapter 6 6–1</p>
<p>Adjustments to the Basis of Partnership or LLC Assets 6–1</p>
<p>Section 743: Adjustments Following the Transfer of a Partnership Interest 6–3</p>
<p>Distributions of Partnership Property 6–6</p>
<p>Allocating the Adjustment Amount Among Partnership Properties 6–16</p>
<p>Chapter 7 7–1</p>
<p>Sale of an Interest in a Partnership or LLC 7–1</p>
<p>General Tax Consequences Associated With Sale 7–2</p>
<p> Hot Assets and Section 751 7–6</p>
<p>Collectibles and Unrecaptured Section 1250 Gain 7–11</p>
<p>Installment Sales 7–13</p>
<p>Net Investment Income Tax 7–15</p>
<p>Sale of an Active (Non–passive) Interest in a Partnership or LLC 7–16</p>
<p>Sale of a Passive Interest in a Partnership or LLC 7–18</p>
<p>Potential for Termination of the Partnership 7–19</p>
<p>Consequences to the Purchaser 7–25</p>
<p>Tax Glossary Tax Glossary 1</p>
<p>Index Index 1</p>