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Taxation of Business Entities II: Pass-Through Entities
  • Level Professional
  • المدة 35 ساعات hours
  • الطبع بواسطة University of Illinois Urbana-Champaign
  • Offered by

عن

This course provides an introduction to the U.S. federal income taxation of pass-through business entities, including Subchapter S corporations, partnerships, and limited liability companies. The course focuses on the relevant provisions of Subchapters S and K of the Internal Revenue Code, as well as related Treasury Regulations and judicial opinions, governing the formation, operation, and termination of pass-through entities. Practical in-class study problems facilitate self-discovery of technical tax knowledge along with the development of a variety of professional skills and attitudes.

الوحدات

About the Course

    • 3 Videos
    • 3 Readings
    • 1 Quiz
    • 1 Plugin
Show info about module content

3 Videos

  • Course Introduction
  • About Professor Donohoe
  • Learn on Your Terms

3 Readings

  • Syllabus
  • About the Discussion Forums
  • Online Education at Gies College of Business

1 Quiz

  • Orientation Quiz

About Your Classmates

    • 2 Readings
    • 1 Discussion
Show info about module content

1 Discussions

  • Get to Know Your Classmates

2 Readings

  • Update Your Profile
  • Build a Learning Community With Social Media

Lesson 1.0: Module 1 Introduction

    • 1 Videos
    • 2 Readings
    • 1 Discussion
Show info about module content

1 Discussions

  • Make Connections to Topic

1 Videos

  • Partnership Formation Overview

2 Readings

  • Module 1 Overview
  • Module 1 Readings

Lesson 1.1: Background and Basics

    • 5 Videos
    • 3 Quiz
Show info about module content

5 Videos

  • Lesson Objectives - Background and Basics
  • Lesson 1.1.1 Partnerships
  • Lesson 1.1.2 Legal Framework
  • Lesson 1.1.3 Special Basis Concepts
  • Lesson 1.1.4 Other Issues

3 Quiz

  • Knowledge Check: Partnerships
  • Knowledge Check: Legal Framework
  • Knowledge Check: Other Issues

Lesson 1.2: Non-Recognition Provision

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Lesson Objectives - Non-Recognition Provision
  • Lesson 1.2.1 Concepts: Part 1
  • Lesson 1.2.2 Applications Logic Check 1
  • Lesson 1.2.3 Applications Logic Check 2

1 Quiz

  • Knowledge Check: Non-Recognition Provision

Lesson 1.3: Basis Determination and Holding Period

    • 5 Videos
    • 1 Quiz
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5 Videos

  • Lesson Objectives - Basis Determination and Holding Period
  • Lesson 1.3.1 Concepts: Part 1
  • Lesson 1.3.2 Applications Logic Check 1
  • Lesson 1.3.3 Applications Logic Check 2
  • Lesson 1.3.4 Applications Logic Check 3

1 Quiz

  • Knowledge Check: Basis Determination and Holding Period

Lesson 1.4: Non-Recognition Exceptions

    • 6 Videos
    • 2 Quiz
Show info about module content

6 Videos

  • Lesson Objectives - Non-Recognition Exceptions
  • Lesson 1.4.1 Concepts: Part 1
  • Lesson 1.4.2 Applications Logic Check 1
  • Lesson 1.4.3 Applications Logic Check 2
  • Lesson 1.4.4 Applications Logic Check 3
  • Lesson 1.4.5 Other Issues

2 Quiz

  • Knowledge Check: Concepts: Part 1
  • Knowledge Check: Other Issues

Lesson 1.5: Elections and Treatments

    • 6 Videos
    • 3 Quiz
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6 Videos

  • Lesson Objectives - Elections and Treatments
  • Lesson 1.5.1 Initial Costs: Part 1
  • Lesson 1.5.2 Accounting Methods: Part 2
  • Lesson 1.5.3 Tax Year: Part 3
  • Lesson 1.5.4 Applications Logic Check 1
  • Lesson 1.5.5 Applications Logic Check 2

3 Quiz

  • Knowledge Check: Initial Costs: Part 1
  • Knowledge Check: Accounting Methods: Part 2
  • Knowledge Check: Tax Year: Part 3

Lesson 1.6: Module 1 Wrap-Up

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Partnership Formation Wrap-Up

1 Quiz

  • Partnership Formation Quiz

Lesson 2.0: Module 2 Introduction

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Partnership Operations Overview

2 Readings

  • Module 2 Overview
  • Module 2 Readings

Lesson 2.1: Income Measurement and Reporting

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Lesson Objectives - Income Measurement and Reporting
  • Lesson 2.1.1 Concepts: Part 1
  • Lesson 2.1.2 Applications Logic Check 1
  • Lesson 2.1.3 Applications Logic Check 2

1 Quiz

  • Knowledge Check: Income Measurement and Reporting Concepts: Part 1

Lesson 2.2: Partner's Distributive Share

    • 3 Videos
    • 1 Quiz
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3 Videos

  • Lesson Objectives - Partner's Distributive Share
  • Lesson 2.2.1 Concepts: Part 1
  • Lesson 2.2.2 Applications Logic Check 1

1 Quiz

  • Knowledge Check: Partner's Distributive Share

Lesson 2.3: Outside Basis Adjustments

    • 6 Videos
    • 1 Quiz
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6 Videos

  • Lesson Objectives - Outside Basis Adjustments
  • Lesson 2.3.1 Concepts: Part 1
  • Lesson 2.3.2 Applications Logic Check 1
  • Lesson 2.3.3 Applications Logic Check 2
  • Lesson 2.3.4 Applications Logic Check 3
  • Lesson 2.3.5 Applications Logic Check 4

1 Quiz

  • Knowledge Check: Outside Basis Adjustments

Lesson 2.4: Partners' Deduction for Qualified Business Income

    • 1 Videos
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1 Videos

  • Lesson 2.4 Partners' Deduction for Qualified Business Income

Lesson 2.5: Partner Loss Limitations

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Lesson Objectives - Partner Loss Limitations
  • Lesson 2.5.1 Concepts: Part 1
  • Lesson 2.5.2 Applications Logic Check 1
  • Lesson 2.5.3 Applications Logic Check 2

1 Quiz

  • Knowledge Check: Partner Loss Limitations

Lesson 2.6: Related Transactions

    • 4 Videos
    • 1 Quiz
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4 Videos

  • Lesson Objectives - Related Transactions
  • Lesson 2.6.1 Concepts: Part 1
  • Lesson 2.6.2 Applications Logic Check 1
  • Lesson 2.6.3 Applications Logic Check 2

1 Quiz

  • Knowledge Check: Related Transactions

Lesson 2.7: Module 2 Wrap-Up

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Partnership Operations Wrap-Up

1 Quiz

  • Partnership Operations Quiz

Lesson 3.0: Module 3 Introduction

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Partnership Distributions Overview

2 Readings

  • Module 3 Overview
  • Module 3 Readings

Lesson 3.1: Proportionate Operating Distributions

    • 6 Videos
    • 2 Quiz
Show info about module content

6 Videos

  • Lesson Objectives - Proportionate Operating Distributions
  • Lesson 3.1.1 Concepts I
  • Lesson 3.1.2 Applications Logic Check
  • Lesson 3.1.3 Concepts II
  • Lesson 3.1.4 Applications Logic Check 1
  • Lesson 3.1.5 Applications Logic Check 2

2 Quiz

  • Knowledge Check: Proportionate Operating Distributions Concepts: Part 1
  • Knowledge Check: Proportionate Operating Distributions Concepts II

Lesson 3.2: Proportionate Liquidating Distributions

    • 13 Videos
    • 4 Quiz
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13 Videos

  • Lesson Objectives - Proportionate Liquidating Distributions
  • Lesson 3.2.1 Concepts I
  • Lesson 3.2.2 Applications Logic Check
  • Lesson 3.2.3 Concepts II
  • Lesson 3.2.4 Applications Logic Check
  • Lesson 3.2.5 Concepts III
  • Lesson 3.2.6 Applications Logic Check 1
  • Lesson 3.2.7 Applications Logic Check 2
  • Lesson 3.2.7 Concepts IV
  • Lesson 3.2.8 Applications Logic Check 1
  • Lesson 3.2.9 Applications Logic Check 2
  • Lesson 3.2.10 Concepts V
  • Lesson 3.2.11 Applications Logic Check

4 Quiz

  • Knowledge Check: Proportionate Liquidating Distributions Concepts I
  • Knowledge Check: Proportionate Liquidating Distributions Concepts II
  • Knowledge Check: Proportionate Liquidating Distributions Concepts III
  • Knowledge Check: Proportionate Liquidating Distributions Concepts IV

Lesson 3.3: Disproportionate Distributions

    • 3 Videos
    • 1 Quiz
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3 Videos

  • Lesson Objectives - Disproportions Distributions
  • Lesson 3.3.1 Concepts: Part 1
  • Lesson 3.3.2 Applications Logic Check

1 Quiz

  • Knowledge Check: Disproportions Distributions Concepts

Lesson 3.4: Module Wrap-Up

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Partnership Distributions Wrap-Up

1 Quiz

  • Partnership Distributions Quiz

Lesson 4.0: Module 4 Introduction

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Partnership Sales and Terminations Overview

2 Readings

  • Module 4 Overview
  • Module 4 Readings

Lesson 4.1: Sale of Partnership Interest

    • 6 Videos
    • 2 Quiz
Show info about module content

6 Videos

  • Lesson Objectives - Sale of Partnership Interest
  • Lesson 4.1.1 Seller Concepts
  • Lesson 4.1.2 Applications Logic Check
  • Lesson 4.1.3 Buyer Concepts
  • Lesson 4.1.4 Applications Logic Check 1
  • Lesson 4.1.5 Applications Logic Check 2

2 Quiz

  • Knowledge Check: Seller Concepts
  • Knowledge Check: Buyer Concepts

Lesson 4.2: Special Basis Adjustments

    • 3 Videos
    • 1 Quiz
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3 Videos

  • Lesson Objectives - Special Basis Adjustments
  • Lesson 4.2.1 Concepts: Part 1
  • Lesson 4.2.2 Applications Logic Check

1 Quiz

  • Knowledge Check: Special Basis Adjustments Concepts

Lesson 4.3: Other Dispositions

    • 3 Videos
    • 1 Quiz
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3 Videos

  • Lesson Objectives - Other Dispositions
  • Lesson 4.3.1 Concepts: Part 1
  • Lesson 4.3.2 Applications Logic Check

1 Quiz

  • Knowledge Check: Other Dispositions Concepts

Lesson 4.4: Partnership Termination

    • 3 Videos
    • 1 Quiz
Show info about module content

3 Videos

  • Lesson Objectives - Partnership Termination
  • Lesson 4.4.1 Concepts: Part 1
  • Lesson 4.4.2 Applications Logic Check

1 Quiz

  • Knowledge Check: Partnership Termination Concepts

Lesson 4.5: Module 4 Wrap-Up

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Partnership Sales and Terminations Wrap-Up

1 Quiz

  • Partnership Sales and Terminations Quiz

Lesson 5.0: Module 5 Introduction

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Other Pass-Through Entities Overview

2 Readings

  • Module 5 Overview
  • Module 5 Readings

Lesson 5.1: Limited Liability Companies

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Lesson 5.1 Limited Liability Companies

1 Quiz

  • Knowledge Check: Limited Liability Companies

Lesson 5.2: Limited Liability Partnerships

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Lesson 5.2 Limited Liability Partnerships

1 Quiz

  • Knowledge Check: Limited Liability Partnerships

Lesson 5.3: Family Partnerships

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Lesson 5.3 Family Partnerships

1 Quiz

  • Knowledge Check: Family Partnerships

Lesson 5.4: Subchapter S Corporations

    • 9 Videos
    • 3 Quiz
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9 Videos

  • Lesson Objectives - Subchapter S Corporations
  • Lesson 5.4.1 Backgrounds
  • Lesson 5.4.2 Qualifications
  • Lesson 5.4.3 Subchapter S Election
  • Lesson 5.4.4 Compliance Procedures
  • Lesson 5.4.5 Applications Logic Check 1
  • Lesson 5.4.6 Applications Logic Check 2
  • Lesson 5.4.7 Applications Logic Check 3
  • Lesson 5.4.8 Applications Logic Check 4

3 Quiz

  • Knowledge Check: Subchapter S Corporations Backgrounds
  • Knowledge Check: Subchapter S Corporations Qualifications
  • Knowledge Check: Subchapter S Election

Lesson 5.5: Module 5 Wrap-Up

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Other Pass-Through Entities Wrap-Up

1 Quiz

  • Other Pass-Through Entities Quiz

Lesson 6.0: Module 1 Introduction

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • S Corporation Operations Overview

2 Readings

  • Module 6 Overview
  • Module 6 Readings

Lesson 6.1: Income Measurement and Allocation

    • 5 Videos
    • 1 Quiz
Show info about module content

5 Videos

  • Lesson Objective - Income Measurement and Allocation
  • Lesson 6.1.1 Concepts: Part 1
  • Lesson 6.1.2 Applications Logic Check 1
  • Lesson 6.1.3 Applications Logic Check 2
  • Lesson 6.1.4 Applications Logic Check 3

1 Quiz

  • Knowledge Check: Income Measurement and Allocation Concepts

Lesson 6.2: Shareholder Basis Determination

    • 3 Videos
    • 1 Quiz
Show info about module content

3 Videos

  • Lesson Objective - Shareholder Basis Determination
  • Lesson 6.2.1 Concepts: Part 1
  • Lesson 6.2.2 Applications Logic Check

1 Quiz

  • Knowledge Check: Shareholder Basis Determination Concepts

Lesson 6.3: Shareholder Loss Limitations

    • 4 Videos
    • 1 Quiz
Show info about module content

4 Videos

  • Lesson Objective - Shareholder Loss Limitations
  • Lesson 6.3.1 Concepts: Part 1
  • Lesson 6.3.2 Applications Logic Check 1
  • Lesson 6.3.3 Applications Logic Check 2

1 Quiz

  • Knowledge Check: Shareholder Loss Limitations Concepts

Lesson 6.4: Distributions to Shareholders

    • 7 Videos
    • 1 Quiz
Show info about module content

7 Videos

  • Lesson Objective - Distributions to Shareholders
  • Lesson 6.4.1 Operating: Concepts
  • Lesson 6.4.2 Operating: Applications Logic Check 1
  • Lesson 6.4.3 Operating: Applications Logic Check 2
  • Lesson 6.4.4 Operating: Applications Logic Check 3
  • Lesson 6.4.5 Liquidating: Concepts
  • Lesson 6.4.6 Liquidating: Applications Logic Check

1 Quiz

  • Knowledge Check: Distributions to Shareholders Concepts

Lesson 6.5: Special Taxes and Other Issues

    • 3 Videos
    • 1 Quiz
Show info about module content

3 Videos

  • Lesson Objectives - Special Taxes and Other Issues
  • Lesson 6.5.1 Special Taxes
  • Lesson 6.5.2 Other Issues

1 Quiz

  • Knowledge Check: Special Taxes

Lesson 6.6: Module Review

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • S Corporation Operations Wrap-Up

1 Quiz

  • S Corporation Operations Quiz

Lesson 7.0: Module 7 Introduction

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Professional Tax Practice and Ethics Overview

2 Readings

  • Module 7 Overview
  • Module 7 Readings

Lesson 7.1: Tax Enforcement

    • 6 Videos
    • 4 Quiz
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6 Videos

  • Lesson Objective - Tax Enforcement
  • Lesson 7.1.1 The IRS Mission
  • Lesson 7.1.2 Structure of the IRS
  • Lesson 7.1.3 Powers of the IRS
  • Lesson 7.1.4 Tax Return Audits
  • Lesson 7.1.5 The Tax Gap

4 Quiz

  • Knowledge Check: The IRS Mission
  • Knowledge Check: Structure of the IRS
  • Knowledge Check: Powers of the IRS
  • Knowledge Check: The Tax Return Audits

Lesson 7.2: Taxpayer Penalties

    • 3 Videos
    • 2 Quiz
Show info about module content

3 Videos

  • Lesson 7.2.1 Taxpayer Penalties
  • Lesson 7.2.2 Civil Penalties
  • Lesson 7.2.3 Criminal Penalties

2 Quiz

  • Knowledge Check: Taxpayer Penalties
  • Knowledge Check: Civil Penalties

Lesson 7.3: Regulation of Tax Advisers

    • 4 Videos
    • 3 Quiz
Show info about module content

4 Videos

  • Lesson Objectives - Regulation of Tax Advisers
  • Lesson 7.3.1 Circular 230
  • Lesson 7.3.2 AICPA Standards
  • Lesson 7.3.3 Tax Adviser Penalties

3 Quiz

  • Knowledge Check: Circular 230
  • Knowledge Check: AICPA Standards
  • Knowledge Check: Tax Adviser Penalties

Lesson 7.4: Module Review

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Professional Tax Practice and Ethics Wrap-Up

1 Quiz

  • Professional Tax Practice and Ethics Quiz

Lesson 8.0: Module 8 Introduction

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Strategic Organizational Form Choice Overview

2 Readings

  • Module 8 Overview
  • Module 8 Readings

Lesson 8.1: Organizational Form Dilemma

    • 1 Videos
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1 Videos

  • Lesson 8.1 Organizational Form Dilemma

Lesson 8.2: C Corporation

    • 1 Videos
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1 Videos

  • Lesson 8.2 C Corporation

Lesson 8.3: Partnership or LLC

    • 1 Videos
Show info about module content

1 Videos

  • Lesson 8.3 Partnership or LLC

Lesson 8.4: S Corporation

    • 1 Videos
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1 Videos

  • Lesson 8.4 S Corporation

Lesson 8.5: Summary and Recommendation

    • 1 Videos
Show info about module content

1 Videos

  • Lesson 8.5 Summary and Recommendation

Lesson 8.6: Module Review

    • 1 Videos
    • 3 Readings
    • 1 Discussion
    • 1 Quiz
    • 1 Plugin
Show info about module content

1 Discussions

  • Final Reflection: What will you do with it?

1 Videos

  • Strategic Organizational Form Choice Wrap-Up

3 Readings

  • Course Wrap-Up
  • Congratulations on completing the course!
  • Get Your Course Certificate

1 Quiz

  • Strategic Organizational Form Choice Quiz

Auto Summary

Explore the intricacies of U.S. federal income taxation with "Taxation of Business Entities II: Pass-Through Entities." Ideal for professionals in the Business & Management sector, this comprehensive course delves into the taxation of pass-through entities such as Subchapter S corporations, partnerships, and limited liability companies. Learn about the essential provisions of Subchapters S and K of the Internal Revenue Code, along with relevant Treasury Regulations and judicial opinions. Engage with practical study problems to enhance your technical tax knowledge and cultivate essential professional skills. Offered by Coursera, this professional-level course spans 2100 minutes, making it a thorough and engaging learning experience. Flexible subscription options include Starter, Professional, and Paid plans, catering to various learning needs and preferences. Whether you're advancing your career or deepening your understanding of business taxation, this course is designed for you.

Michael P Donohoe, PhD, CPA
Instructor

Michael P Donohoe, PhD, CPA