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Federal and State Taxation of Limited Liability Companies (2013)

Federal and State Taxation of Limited Liability Companies (2013)

Author: David J. Cartano
Publisher: CCH U.S.
ISBN: 9780808029922
Published In: August 2012
Format: Paperback , 1064 pages
Jurisdiction: U.S. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Federal and State Taxation of Limited Liability Companies provides clear and reliable guidance on what the latest tax treatment is for limited liability companies and what it means for your clients or your business. This hands-on treatise is dedicated entirely to the taxation of LLCs.

It answers all of your questions with an analysis of all federal tax issues applicable to LLCs with detailed references to related Code Sections and Treasury Regulations, plus cases, revenue rulings and private letter rulings. It provides a state-by-state analysis of state tax laws and filing requirements in all 50 states and the District of Columbia, with references to the applicable tax forms and places of filing listed. It explains how to prepare the most common LLC tax forms, state tax forms, checklists, practice tips, tables, and examples. This comprehensive manual offers scrupulous and exhaustive coverage of LLC taxation that accountants, tax attorneys, and CPAs working with LLCs will find invaluable for daily reference.

Introduction
Summary of LLC Laws
Advantages and Disadvantages of LLCs
Special Issues Regarding S Corporations and LLCs
Classification of LLCs
Contributions
Taxation of LLC Income
Allocations
Basis and Member's Share of Debt
Distributions
Reorganizations
Terminations
Loss Limitations
Payments and Benefits to Members
Transfer of Membership Interests
Self-Employment and Employment Taxes
Accounting Methods and Procedures
Foreign LLCs
Foreign-Owned Domestic LLCs
Investment LLCs
Estate and Gift Tax Planning
Federal and State Filing Requirements
State Tax Laws
Asset Protection, Charging Orders and Creditors' Rights

David Cartano graduated from the University of Washington, received a J.D. from Cornell University, and a Masters in Taxation from the University of Southern California. He is a partner in the Los Angeles law firm of Barton, Klugman & Oetting. He has been with the firm since 1976, where he works in all areas of domestic and international taxation. He is the author of several books and numerous articles.