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Session details
- Summarize the advantages and disadvantages of forming a partnership
- Describe the tax consequences of contributing property or services when a partnership is formed
- Explain how various items are reported on the partnership return and allocated among the partners
- Determine how different types of partnership debt are allocated among the partners
- Identify partnership items that must be separately stated
- Instructor
- Kathryn Keane, EA
- Duration
- 400 minutes
- Delivery method
- Group Live
Description
This course is perfect for tax professionals who want to learn how to prepare Form 1065, U.S. Return of Partnership Income. Not only does this course cover the basics of partnership taxation, but it also covers the step-by-step process of completing a partnership return and the accompanying schedules. An example will be utilized throughout the course to illustrate key concepts, and the material will include a completed partnership return.
Objectives
Upon completion of this course, you will be able to:
Details
CPE
| Governing body: IRS | CPE credits: 8 | Designation: AFSP | Field of study: Federal Tax Law Topic |
| Governing body: IRS | CPE credits: 8 | Designation: EA | Field of study: Federal Tax Law Topic |
CPE sponsor disclosure
The CPE associated with this education is provided by the New York NATP Chapter and is independent of national NATP sponsorship.
IRS sponsor number: SC1N9
See our CPE sponsor page for more information on reporting.