Title: The philosophy of LLC taxation
Product review: I liked the approach. It's not a recipe for starting an LLC (there are plenty of those out there). It is more like background reading about the philosophy driving how LLCs are taxed, and what that means for how the LLC income is distributed and reported. Lots on maintaining capital accounts. There was a fair amount I ignored -- California and real estate specific information -- but the rest was very helpful. Chapter 5 on tax forms and Chapter 7 on partnership rules were especially useful.
Would you say this review depicts the product in a flattering or unflattering light?
