Webcast: Form 1065 Boot Camp - Step-by-Step Preparation With Completed Forms
410 | Webcast | Basic | Scheduled
Description
The objective of this course is to train new, rusty or returning-to-practice staff with a hands-on, pencil-pushing gold standard for preparing Form 1065. Common to advanced issues of partnerships are explored in the current course that can double as a quick and practical reference guide for tax treatment and tax preparation guidelines. Within each chapter, we illustrate various parts and areas of interest when preparing a 1065, including examples and corresponding tax forms. We bring it all together in the final two chapters with a comprehensive example that integrates and links all previous chapters. The course and instruction delivery are geared toward a basic understanding and progress to more complex issues via Surgent's "Step-by-Step" preparation guide.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 8.00 | Taxes |
| 6.75 | CLE |
Designed For
All levels of staff and company controllers responsible for filing these forms
Highlights
- Comprehensive coverage of the Inflation Reduction Act of 2022
- Gaining 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
Objectives
- Learn in detail about the preparation of Form 1065, Schedules M-1, K and K-1
- Learn in detail about common business reporting Forms 4562 and 4797
- Provide staff with the first stage of a graduated professional education program in servicing partnership and LLC clients
Prices
- Member (Early Bird)
- $269.00
- Non-Member (Early Bird)
- $369.00
- Member
- $269.00
- Non-Member
- $369.00