PARTNERSHIP TAX (ACCTCY 8401)
COURSE SYLLABUS
Professor Paul L. Vogel, CPA, JD, LLM
vogelp@missouri.edu
Spring 2016
Required Course Materials
Textbook – Schwarz & Lanthrope, Fundamentals of Partnership Taxation (Ninth Edition 2012)
Code & Regs.
The following assignments are from the Schwarz textbook and include all problems at the end of each
section (unless otherwise indicated) AND the Code Section and Regulations indicate at the beginning of
each section
Assignment No.
Subject(s)
Pages
No. 1
Introduction to Partnership Tax &
Formation of a Partnership
pp. 2-16, 20-30, 30-38
problems on pp. 16 (problem 1 only) & 38-39
No. 2
Partnership Accounting & Partnership
Liabilities
pp. 39-53
problems on pp. 45, 58 & 52-53
No. 3
Contribution of Services &
Organizational Expenses
pp. 53-75, 81-83
problems on pp. 61-62, 75, 82-83
No. 4
Tax Consequences from Operations
pp. 84-108
problems on pp. 104 & 107-108
No. 5
Limitations on Deductibility of
Partnership Losses
pp. 110-123
problems on pp. 111, 115 & 122-123
No. 6
Special Allocations Part 1 – Introduction
And Economic Effect
pp. 124-145
(no problems)
No. 7
Special Allocations Part 2 –
Substantiality and Reallocations
pp. 145-162
problems on pp. 160-162
No. 8
Payments to Partners
pp. 222-248
Problems on pp. 229-230 (problem 2
only), 235 & 246-248 (omit problem 3)
No. 9
Sales & Exchanges of Partnership
Interests
pp. 255-288
Problems on opp. 271-272 & 287-288
(omit problem 3) (Problems on
pp. 273-278 - not assigned)
No. 10
Operating Distributions – Consequences
To Distributee Partner & Partnership
pp. 280-309
problems on pp. 300-301, p. 303
(problem 1 only) & 309
No. 11
Liquidating Distributions
pp. 327-357
problems on pp. 334-335 (problems 1 &
2 only) & 347-348 (problems on pp.
356-357 not assigned)
Course Objective
To achieve a basic working knowledge of the tax issues related to formation/dissolution of a partnership,
contributions to/withdrawals from a partnership, operating income/losses of a partnership, impact of
partnership liabilities, and admission/withdrawal of a partner from a partnership.
Grading
Both the mid-term and final exam will be a combination of multiple choice, short answer, and essay
questions with calculations required. The mid-term will account for 40% of the course grade and the final
will account for 60% of the grade. NOTE, for law students there will be one exam at the end of the
semester.
Academic Integrity
Academic Integrity is fundamental to the activities and principle of a university. All members of the
academic community must be confident that each person’s work has been responsibly and honorably
acquired, developed, and presented. Any effort to gain an advantage not given to all students is dishonest
whether or not the effort is successful. The academic community regards breaches of academic integrity
rules as extremely serious matters. Sanctions for such a breach may include academic sanctions from the
instructor including failing the course for any violation, to disciplinary sanctions ranging from probation
to expulsion. When in doubt about plagiarism, paraphrasing, quoting, collaboration, or any other form of
cheating, consult the course instructor.
ADA Statement
If you anticipate barriers related to the format of requirements of this course, if you have emergency
medical information to share with me, or if you need to make arrangements in case the building must be
evacuated, please let me know as soon as possible. Please see me privately after class. If disability related
accommodations are necessary (for example, a note taker, extended time on exams, captioning), please
register with the Office of Disability Services (http://disabilityservices.missouri.edu), S5 Memorial
Union, 573-882-4696, and then notify me of your eligibility for reasonable accommodation. For other
MU resources for person with disabilities, click on “Disability Resources) on the MU homepage.
Intellectual Pluralism
The University community welcomes intellectual diversity and respects student rights. Students who have
questions concerning the quality of instruction in this class may address concerns to either the
Departmental Chair or Divisional Leader or the Director of the Office of Students Rights and
Responsibilities (http://osrr.missouri.edu). All students will have the opportunity to submit an anonymous
evaluation of the instructor at the end of the course.