Capsule SummaryPerspective 1 Introduction 2 Classification 3 Formation of a partnership 4 Partnership operations: general rules 5 Partnership allocations: [section] 704(b) 6 Partnership allocations: income-shifting safeguards 7 Partnership liabilities 8 Compensating the service partner 9 Property transactions between partnerships and partners 10 Sales and exchanges of partnership interests 11 Operating distributions 12 Liquidating distributions and terminations 13 Death of a partner 14 Partnership anti-abuse rule 15 S corporations Appendixes Table of CasesTable of Internal Revenue Code SectionsTable of Treasury RegulationsTable of Revenue Rulings and ProceduresTables