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

Sep 24
9:00 - 5:00 p.m.

Online

8-Tax
CPE Credits

The objective of this course is to train new, rusty, or returning-to-practice staff to prepare a complicated federal partnership tax return. The course includes a chapter-by-chapter, hands-on approach to completing Form 1065. As details are discussed within each chapter, information is provided to prepare an intricate Form 1065. The course and instruction delivery is geared toward a basic understanding and progresses to more complex issues via Surgent’s “Step-by-Step” preparation guide. The boot camp allows staff to discover the connections between a trial balance and a completed partnership return, with a filled-in completed Form 1065 provided in the case solutions.
Highlights

Gain a thorough understanding of federal income tax laws for partnerships and LLCs, from formation to tax return preparation issues
Who files Form 1065, and who does not file Form 1065
Trade or Business income and expenses versus Separately Stated Items
The importance of Schedule M-1
Maintaining Capital Accounts
Partnership distributions -- current or liquidating, cash or property
How to allocate recourse and nonrecourse debt
Self-employment tax issues
Complete coverage of any new legislation enacted before presentation
Other developing issues and hot topics
Mastering two common tax forms, Depreciation (4562) and Sale of Assets (4797)
Partnership reporting oddities
Accurately preparing partnership returns and reconciling book income to taxable income

Registration

PICPA Member: $259
Nonmember: $359

More Information

Course No. 1065-2020-01-WEBNR-268-01

Level: Basic

Prerequisites: None

Notes
This webinar is hosted by PICPA's partner, Surgent CPE. After registering, you will receive an email from Surgent CPE with the log-in information.

Speaker(s)

Dennis Benvie

Surgent McCoy CPE LLC

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