Partnership Taxation is a textbook designed for graduate tax students and advanced law and accounting students, as well as lawyers and accountants. It provides a thorough and sophisticated look at this most important area of tax law for closely held businesses operating in the U.S. Classification, formation, operation, and liquidation of partnerships are covered, as are a number of important associated topics. Each chapter contains questions designed to thoroughly test students' understanding. LLCs are the dominant business form for closely held businesses in the US and are typically taxed as partnerships; accordingly, LLCs receive special attention. The sixth edition updates the text for recent tax law and regulatory changes, including OBBBA, as well as for new case law. The text is current through early 2026.
Further, it is regularly supplemented with updates. The authors come from both private practice and academia and have national reputations.