Get an in-depth review of partnership and LLC tax return forms and the concepts of taxation related to partnerships. Use a hands-on approach to learn how to complete a Form 1065, and recognize the importance of Schedule M-1. Highlights
Federal income tax laws for partnerships or LLCs, from formation to tax return preparation issues
Tax basis for recourse and nonrecourse debt
Understand the proper year-end
Section 704(c) precontribution gain
Adjustments, permitted special allocations, and self-employment tax issues
Complete coverage of new legislation
Capital accounts
Partnership distributions: Current or liquidating, cash or property
What business arrangements qualify or by default are treated as partnerships
Registration
PICPA Member: $275 Nonmember: $375
More Information
Course No. 744400Level: Basic
Prerequisites:
None
Speaker(s)
Donald Cooley
Donald B. Cooley, CPA
Donald B. Cooley, CPA is a partner in the accounting
firm of Cotner, Cooley, Clark & Sharp, LLC.He has over 25 years of public
accounting experience specializing in tax, accounting, and management advisory
for closely held businesses and individuals.His work experience includes time with
local and Big Four accounting firms.
He has been an adjunct faculty member at Rio Grande
University and has presented a variety of tax topics for Surgent McCoy
throughout the U.S over the past three years.
Mr.
Cooley is a graduate ofOhioUniversity, with a degree in Accounting.