Preparing Partnership Returns Online Workshop
8 CPE for AFSP, EA, CPA, CRTP
Instructor-led sessions on Aug. 7 and Aug. 8 from 1:00 p.m. - 4:30 p.m. CT
| Premium | Professional | Basic | Not a member |
|
|---|
Workshop with e-book
| $0
| $213
| $270
| $284
|
Register |
Workshop with print book
| $43
| $256
| $324
| $341
|
Register |
On-demand workshop
with e-book
| $0
| $213
| $270
| $284
|
Register |
On-demand workshop
with print book
| $43
| $256
| $324
| $341
|
Register |
Summary
This course is perfect for tax professionals who want to begin learning how to prepare Form 1065,
U.S. Return of Partnership Income. Not only does this course cover the basics of partnership taxation, it also covers the step-by-step process of completing a partnership return and the accompanying schedules, tracking the partner’s basis and finishes with a comprehensive case study. Leave with an understanding of the tax consequences of distributions from a partnership.
Objectives
Upon completion of this course, you will be able to:
- Summarize the tax consequences of forming a partnership, including contributions of property or services
- Analyze a partnership agreement and profit/loss allocations
- Choose a tax year and accounting method for the partnership
- Summarize how to report guaranteed payments, fringe benefits and separately stated items for partners
- Recognize items that increase or decrease a partner’s basis in the partnership
- Identify which liabilities increase a partner’s at-risk basis
- Analyze the tax consequences of distributions from a partnership
- Prepare a basic Form 1065, including Schedules K, K-1, L, M-1 and M-2
Course details
The workshop includes e-book, presentation slides and access to the workshop recording.
Presented by: Penny Wade Smith, EA
Course Year: 2024
Duration: 8 Credit Hours
Course Level: Basic
Prerequisite: None
Advanced Preparation: None
Delivery Method: Group Internet Based
| CPE Credits | Designation | Field of Study |
|---|
| IRS | 8
| AFSP | Federal Tax Law Topic |
| IRS | 8
| EA | Federal Tax Law Topic |
| NASBA | 8
| CPA | Taxes |
| CTEC | 8
| CRTP | Federal Tax Law Topic |
| CFP Board | 0 | CFP® | N/A |
How to earn CPE
To receive full credit for this online workshop, you must respond to at least 70% of the polling questions that are asked by the instructor during the workshop and you must be logged in for at least 90% of the presentation. The course will expire one year from the date of broadcast.
Cancellation policy
Because this is an online education offering, it is nonrefundable.
