Course LLC, LLP, Partnership Tax (Taxation and Planning for LLCs and Partnerships) - Law 657
Instructor Carol Plagman
Units 3 (Graded)

Federal Income Tax 

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A study of the tax concepts involved in the formation and operation of Limited Liability Companies, Limited Liability Partnerships (which are treated as partnerships under federal tax law), and partnerships, including the sale and exchange of partnership property and interests. The course also covers partnership liquidations and special problems of limited partnerships and limited liability companies.

  1. Schwarz and Lathrope, Fundamentals of Partnership Taxation, Foundation Press, 9th edition
  2. Cunningham and Cunningham’s Logic of Subchapter K:  A Conceptual Guide to Taxation of Partnerships", West, latest
  3. Access to the Mckee treatise through RIA – Provided by the College on-line at no charge to students.
  4. Access to the Internal Revenue Code through RIA – Provided by the College on –line at no charge to students.


Course Format

Classroom discussion of cases, statutes and IRS guidance, along with in-class problem analysis.

Written Assignments


Type of Exam

3-hour open book - problem based format

Basis for grading

Final exam (80%), in-class quizzes and other participation (20%).

Additional Comments

This course is extremely important for anyone considering a career as a tax attorney, business attorney or tax accountant.  

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