Partnership taxation doesn't have to be overwhelming. The Logic of Subchapter K has been helping students and practitioners master this complex subject since 1996, and this 6th Edition brings you fully updated content reflecting the latest tax law changes.
Unlike traditional tax textbooks that bury you in dense regulations, this conceptual approach builds understanding from the ground up. Each chapter starts with the big picture before diving into specific rules, creating a mental framework that actually sticks. You'll see how provisions connect rather than memorizing isolated concepts.
This 6th Edition addresses critical changes from the Tax Cuts and Jobs Act of 2017, including the qualified business deduction under Section 199A, asset expensing rules under Section 168(k), and partnership termination provisions under Section 708. The authors have also incorporated regulatory changes from the past three years, ensuring you're studying current, relevant material.
Used successfully at top law schools including NYU, Yale, Cardozo, and Hastings, this text employs a progressive learning structure. Each chapter builds logically on previous concepts, with multiple illustrative examples that make abstract rules concrete. The accompanying problem set reinforces understanding through practical application.
Whether you're a JD or LLM student, accounting professional, or practicing attorney, this guide meets you where you are. The conceptual framework works for academic learning while providing practical insights for real-world application. Many practitioners keep this book on their shelf as a reference long after their formal studies end.
The combination of clear explanations, logical progression, and real-world examples makes partnership taxation accessible. Stop struggling with confusing regulations and start understanding the underlying logic that ties everything together.
