Fundamentals of Partnership Taxation - 12th Edition - Stephen Schwarz cover
West Academic Casebook Series

Tax-Partnership · 12th Edition

Fundamentals of Partnership Taxation - 12th Edition - Stephen Schwarz

ISBN
9798317701727
Publisher
West Academic
Edition
12th Edition
Condition
$189.99 for the Spring 2027 semester · prepaid return label included

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Description

Fundamentals of Partnership Taxation 12th Edition Stephen Schwarz

ISBN: 9798317701727

The Twelfth Edition of this widely used casebook provides a clear and engaging introduction to the complexities of partnership taxation. Combining accessible explanations, practical problems, and carefully selected primary materials, the text offers comprehensive coverage of the Internal Revenue Code and related regulations. This edition has been extensively revised to incorporate significant legal developments since the previous edition, including changes introduced by the One Big Beautiful Bill Act.

Key updates include:

  • Choice of Entity: Updated analysis of the tax and business considerations involved in selecting an appropriate legal structure for a new business.
  • Partner-Level Taxation: A new chapter examining tax issues affecting individual partners, including the § 199A qualified business income deduction and the application of self-employment and net investment income taxes.
  • Partnership Allocations: Expanded coverage of targeted allocations, along with new and revised problems addressing economic effect and nonrecourse deductions.
  • Regulatory Developments: Updated treatment of bottom-dollar payment obligations, the allocation of recourse liabilities, and § 1061 rules governing carried interests.
  • Judicial Decisions: New analysis of Rawat v. Commissioner and its implications for § 751(a), as well as the impact of the Supreme Court's Loper Bright decision on partnership anti-abuse regulations.
  • Streamlined Materials: Removal of outdated content and more focused editing of cases, notes, and practical problems.

Combining foundational tax principles with current regulatory developments and practical exercises, the Twelfth Edition provides students with an accessible and up-to-date understanding of partnership taxation.

Fundamentals of Partnership Taxation 2026 12th Edition Stephen Schwarz
ISBN: 9798317701727, 979-8317701727, 979-8-3177-0172-7, 979-8-31771-017-2

Stephen Schwarz, UC College of the Law, San Francisco

Daniel J. Lathrope, University of San Francisco School of Law

Brant J. Hellwig, New York University School of Law

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