Top 10 Form 1065 Mistakes 1 Credit
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Mistakes are a part of life and errors of any kind are a common occurrence. That's why pencils have erasers! Fixing them takes skill and knowledge of the rules whether they are amendments to the various business, individual, or payroll tax returns. Â
Be familiar with the often-complicated process of amending tax returns so that you don't make the same mistake twice. Be proactive and amend the returns as soon as you become aware of substantial errors and before the IRS contacts you.
Form 1065 is an information return used to report the income, gains, losses, deductions, credits, and other information from the operation of a partnership. A partnership doesn't pay tax on its income but passes through any profits or losses to its partners. Partners must include partnership items on their tax or information returns.
Speaker Nicholas Preusch, in this CE/CPE course, will look at the most common mistakes made on Form 1065.
When preparing a partnership tax return, this CE Tax Webinar will give you the confidence that you are correctly identifying major IRS audit issues and potential pitfalls that you can find with clients.Â
We will look at several more advanced Form 1065 issues as well to help you tackle any Form 1065 that comes your way!
Key topics covered in this course:
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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).
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A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.
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To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
DM
This presenter is engaging, and knowledgeable and provided many examples of common mistakes he has encountered while preparing 1065. I experienced no difficulties while using the platform with a mobile app.
PM
This was a good course; Nicholas shared several good tips and reminders of easy-to-make mistakes/errors on the form 1065. Even if you've done 1065s for years, this was a great refresher course.
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.webp "Annual Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065)")
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