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Federal Income Taxation of Corporations and Partnerships, Seventh Edition

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Authors
  • Howard E. Abrams
  • Don A. Leatherman
  • Thomas Brennan
Series / Aspen Casebook Series
BOOKMARK
Book length
800 pages
Publication Date
2025-02-21
Edition
Seventh Edition
Teaching Materials
NO
Description

Buy a new version of this textbook and receive access to the Connected eBook on Casebook Connect, including lifetime access to the online ebook with highlight, annotation, and search capabilities. Access also includes an outline tool and other helpful resources. Connected eBooks provide what you need most to be successful in your law school classes.

This well-regarded textbook continues its fundamental approach of clear explanations, pervasive examples, and comprehensive problem sets throughout. Utilizing a problems-based approach, Federal Income Taxation of Corporations and Partnerships, Seventh Edition, by Howard E. Abrams, Don A. Leatherman, and new co-author Thomas J. Brennan covers taxation of the three major categories of business entities: Corporations, S Corporations, and Partnerships.

New to the Seventh Edition:
  • Revised and expanded explanation of §351 contributions with boot and with assumption of liabilities, including examples and illustrative diagrams
  • Discussion of new corporate alternative minimum tax
  • Revised and expanded explanation of §332 subsidiary liquidations, with Associated Wholesale Grocers summarized and explained rather than reported in full
  • Revised and expanded explanation of taxable acquisitions and §338 elections, including coordinated examples in different situations and illustrative diagrams
  • Expanded discussion of the effect of prior and subsequent transactions on reorganizations, with new addition of J.E. Seagram Corp. and notes, and revised and expanded discussion of multi-step mergers, with Rev. Rul. 2008-25 summarized and explained rather than reported in full
  • New discussion of the excise tax on the repurchase of corporate stock
  • Expanded discussion of the treatment of consolidated groups
  • Streamlined partnership discussion by removing coverage of non-Subchapter K loss limitations
  • New note on private equity waivers of guaranteed payments in favor of additional profit shares and the government response under section 707(a)(1)
  • New note on partnership basis shifting transactions and the government’s responses
  • Additional and revised problems in Subchapter K chapters
Professors and students will benefit from:
  • Problems and examples in addition to cases and notes to cover all aspects of the subject
  • Additional and revised problems in Subchapter K chapters
  • Illustrations of typical commercial transactions
  • Flexible enough to be used in two-, three-, or four-credit courses
  • Stand-alone coverage of C corporations, S corporations, and partnerships
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About the authors
Howard E. Abrams
Emory University

Howard E. Abrams graduated from the University of California at Irvine in 1976, and after a year of graduate study in mathematical physics he attended Harvard Law School. Graduating in 1980, Professor Abrams clerked for Chief Judge Tannenwald of the United States Tax Court and practiced for a short while with the Los Angeles office of Brobeck, Phleger Harrison. Professor Abrams joined the Emory Law School faculty in 1983 and now teaches Contracts, Fundamentals of Income Taxation, and Partnership Taxation. Professor Abrams has taught at Berkeley (Boalt Hall), Cornell Law School, the University of Oklahoma School of Law, Georgia Law School, and Leiden University in the Netherlands, and in the spring of 2009 he will be the Maurice R. Greenberg Visiting Professor at Yale Law School. During the 1999-2000 academic year, Professor Abrams was the Director of Real Estate Tax Knowledge at Deloitte Touche, LLP, in Washington, DC. Profesor Abrams spent 2003 in residence at Steptoe Johnson, LLP, in Washington, DC, of counsel to that firm. Professor Abrams is the author or co-author of four books: Federal Income Taxation of Corporations and Partnerships, Federal Corporate Taxation, Essentials of U.S. Taxation, and Federal Income Taxation of Partnerships and Other Pass-Thru Entities. His articles have appeared in the Harvard Law Review, the Tax Law Review, the Tax Lawyer, the Virginia Tax Law Review, Tax Notes, and other periodicals. Professor Abrams has on four occasions been recognized for excellence in teaching.

Don Leatherman
University of Tennessee

Professor Leatherman has been a member of the University of Tennessee faculty since 1994. He speaks frequently at meetings of tax professionals, including the Tax Section of the American Bar Association (the "ABA") and programs of the Practicing Law Institute. He also publishes regularly. He generally speaks and writes on federal income tax issues relating to consolidated groups. Before joining the UT faculty, Professor Leatherman worked at the Internal Revenue Service and in private practice.
Product Information
Edition
Seventh Edition
Publication date
2025-02-21
Copyright Year
2025
Pages
800
Connected eBook + Hardcover
9781543857795
Connected eBook (Digital Only)
9798894102443
Subject
Taxation, Elective , Taxation, Federal Income
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