Webinar: Form 1065 Boot Camp: Step-by-Step Preparation with Completed Forms

Highlights

• Comprehensive coverage of the Inflation Reduction Act of 2022 
• Gain a thorough understanding of federal income tax laws for partnerships and LLCs, from formation to tax return preparation issues 
• Filing requirements for Schedules K-2 and K-3 
• Who files Form 1065, and who does not file Form 1065 
• Tax Basis Capital Account Reporting Requirements 
• Trade or Business income and expenses versus Separately Stated Items 
• The importance of Schedule M-1 
• Partnership distributions -- current or liquidating, cash or property 
• How to allocate recourse and nonrecourse debt 
• Self-employment tax issues; court cases and trends in tax audits of earnings subject to self-employment taxes
• Complete coverage of any new legislation enacted before presentation 
• Section 163(j) limitations 
• Mastering two common tax forms, Depreciation (4562) and Sale of Assets (4797) 
• Final regulations on Section 168(k) 
• Partnership reporting oddities 
• Accurately preparing partnership returns and reconciling book income to taxable income 
• The Centralized Audit Regime under the Bipartisan Budget Act of 2015 
  

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