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Partnership Taxation, Fourth Edition

  • George K. Yin
  • Karen C. Burke
Series / Aspen Casebook Series
Teaching Materials
Table of contents

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In this concise, tightly edited casebook, George K. Yin and Karen C. Burke emphasize core principles and policies to help students understand the overall structure and coherence of partnership taxation. The book’s organizational structure bridges concepts learned in the introductory income tax course and those presented in advanced tax courses, by offering a “building-block” approach that progresses from basic to complex partnership transactions. By emphasizing the policy choices that lend structure and coherence to the law, Partnership Taxationfacilitates an understanding of the overarching principles of partnership tax. Students learn the law from basic source material—the Code and regulations—as well as tightly edited cases and other guidance. Many problems, questions, and explanations supplement the presentation to guide students through the challenging material.

New to the Fourth Edition:

  • The Fourth Edition reflects developments through February 2020, including:
  • Expanded discussion of choice-of-entity issues in light of significant changes introduced by the 2017 tax legislation, including the 21% corporate tax rate and the section 199A passthrough deduction
  • Revised regulations concerning allocation of partnership liabilities, including disregarded bottom-dollar payment obligations
  • The temporary expensing deduction under section 168(k), as well as new limitations on business interest deductions and excess business losses
  • New section 1061 imposing a three-year capital gain holding period for service partners receiving partnership interests in certain investment partnerships
  • The revised definition of a “substantial built-in loss” under section 743(b) and repeal of the technical termination rule under section 708

Professors and students will benefit from:

  • Approach: This book emphasizes core principles and policies to help students understand the overall structure and coherence of partnership taxation.
  • Organization: The organizational structure bridges concepts learned in the introductory income tax course and those presented in advanced tax courses; “building-block” approach progresses from basic to complex partnership transactions.
  • Depth: By providing in-depth coverage while avoiding unnecessary detail, the revised Fourth Edition facilitates mastery of the material and prepares students to think rigorously and creatively about the kinds of problems they will encounter as practitioners of tax and business law.

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About the authors
George K. Yin
University of Virginia

George Yin holds the position of Edwin S. Cohen Distinguished Professor of Law & Taxation at the University of Virginia School of Law. He joined the faculty in 1994 after visiting from the University of Florida. From 2003-05, he served as Chief of Staff of the U.S. Congress's Joint Committee on Taxation, one of the most influential tax positions in the country. Yin taught school, was director of a child care center and worked as a computer programmer prior to attending law school. After law school, he clerked for a federal court, practiced law in Washington, D.C., and then served as tax counsel to the U.S. Senate Finance Committee before joining the law faculty at Florida. He also has been a visiting professor at NYU Law School, Pennsylvania and Brigham Young. While at the Joint Committee, Yin assisted the Congress on a number of tax bills, including the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA), the Working Families Tax Relief Act of 2004 and the American Jobs Creation Act of 2004. In addition, the staff expanded its ability to perform macroeconomic analyses of tax legislation and issued its first such analysis in connection with the House Ways and Means Committee's consideration of JGTRRA. The staff also completed a major report setting forth options to improve tax compliance and reform tax expenditures. Yin previously coordinated for the Senate Finance Committee a major project to reform and simplify the tax laws dealing with corporate-shareholder transactions, including corporate mergers, acquisitions and reorganizations. Between 1994-99, he was reporter to the American Law Institute's federal tax project concerning the income taxation of private business enterprises, such as closely held corporations, partnerships and limited liability companies. He has served as a consultant to a number of organizations, including the ALI, the Department of Treasury, the U.S. Joint Committee on Taxation, the National Commission on Restructuring the Internal Revenue Service and the Select Revenue Measures Subcommittee of the U.S. House Committee on Ways and Means. He currently is a member of the IRS Advisory Council.

Karen C. Burke
University of Florida Levin College of Law

Karen Burke holds the position of Professor of Law and Richard B. Stephens Eminent Scholar at the University of Florida Levin College of Law. She joined the Florida faculty in 2013 after visiting from the University of San Diego School of Law where she was a Warren Distinguished Professor of Law from 2001 to 2013. Before joining the San Diego faculty, she was the Dorsey Whitney Professor of Law at the University of Minnesota. Burke received her Ph.D. from Harvard University in 1979, her J.D. from Stanford Law School in 1982 and her LL.M. in Taxation from Boston University School of Law in 1985. After graduating from Stanford Law School, she clerked for Judge Robert E. Keeton on the U.S. District Court for the District of Massachusetts and practiced law with Sullivan Worcester in Boston. Burkersquo;s current research interests focus on statutory interpretation, tax shelters, and professional and ethical standards of tax practice. She is the author (or co-author) of numerous articles and six books, including Partnership Taxation (with George K. Yin) (Wolters Kluwer Law Business, 2d ed. 2013), Federal Income Taxation of Partners and Partnerships (WestThompson, 4th ed. 2013), and Corporate Taxation (with George K. Yin) (Wolters Kluwer Law Business, 2011). Burke has taught as a visiting professor on the law faculties of Boston College, University of Miami, University of Pennsylvania, and Washington Lee. She is a member of the American Law Institute and served as a Consultant to the ALI Federal Income Tax Project mdash; Taxation of Private Business Enterprises and the Joint Committee on Taxationrsquo;s Tax Simplification Project.

Product Information
Fourth Edition
Publication date
Copyright Year
Connected eBook + Hardcover
Connected eBook (Digital Only)
Taxation, Elective
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