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What is a 1065 tax return trial#
What is a 1065 tax return professional#

Overview of the formation of a partnership/LLC and the §704(c) pre-contribution gain or loss rules.

Comparison of partnerships, LLCs and LLPs.

An extensive review of the partnership tax laws with an emphasis on any new legislative changes.

Key topics included in this online CPE webinar:

What is a 1065 tax return trial#

Using a comprehensive trial balance, the participant will walk through the steps to prepare a complete and accurate Form 1065 (and related schedules). This online continuing education session is taught using a Hands-On methodology. This online CPE/CE course and instruction delivery is geared toward basic understanding and progresses to complex issues. The online CPE/CE webinar provides a comprehensive hands-on, pencil-pushing understanding of the preparation of partnership/LLC tax returns, along with the underlying laws, regulations, etc. With tax season rapidly approaching, there is no better time to brush up on your partnership income tax knowledge than now with m圜PE webinar.

What is a 1065 tax return professional#

Here is more about how partnerships report to the Internal Revenue Service (IRS) and the documents needed to file Federal Income Taxes for a partnership.Ĭertified public accountants are always looking for convenient ways to complete their continuing professional education requirements. Instead, the partnership supplies each partner copies of Schedule K-1 (Form 1065) which reports partners' share of income, credits, and deductions. While the partnership pays its partners, the partners aren't employees and don't receive a W-2. Instead, the partners pay taxes on their share of the partnership income they're paid. However, partnerships don't pay taxes on the income. Partnership taxes are a two-step process: The partnership as an entity must report income, gains, and losses, and credits, and deductions, like other businesses. Partnerships have specific tax reporting requirements that are different from other businesses. A cornerstone of this course is the preparation of Form 1065 using a fairly complex trial balance common to most partnerships, LLP, and LLC income tax returns. This case-driven online continuing education training is designed to get the inexperienced accountant up to speed quickly in the most common areas of partnership, limited liability company (LLC), and limited liability partnership (LLP) taxation.