2013 Federal Tax Essentials: Partnerships is a desk reference providing an annual overview of federal tax issues affecting partnerships, as well as summaries of fundamental federal income tax issues. Organized by topic, the summaries allow you to quickly find answers to core tax questions. Supporting the answers, you will find citations to the relevant sections of the Internal Revenue Code, Treasury regulations, published IRS guidance, and case law. Also included are more than 30 charts, lists, sample election statements, and checklists providing handy information on tax rates, filing requirements, and more. Although designed to supply far more information than that needed for the preparation of tax returns, the book may be used as an aid in preparing Form 1065 and accompanying forms and schedules.

Topics covered by 2013 Federal Tax Essentials: Partnerships include:

• comparison of partnerships to other business entity forms;
• formation and termination of partnerships;
• partners’ distributive shares and special allocations;
• partnership distributions;
• basis of partnership interests and partnership property;
• sales of partnership interests and retirement of partners;
• limited liability companies;
• income, deductions, and credits;
• income tax accounting;
• filing requirements and deadlines;
• penalties;
• reportable transactions; and
• deferred compensation.

The 2013 Federal Tax Essentials: Partnerships eBook is now available. Click here to purchase.

This book is also available as a part of the Federal Tax Essentials Collection.