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Course Level :Basic
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Credits :1
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Instructional Method :Group Internet Based
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Pre-requisites :None
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Advance Preparation :None
Schedule K-1 is
a schedule of IRS Form 1065, U.S. Return of Partnership Income. It is provided
to partners in a business partnership to report their share of a partnership’s
profits, losses, deductions, and credits to the IRS. You fill out Schedule K-1
as part of your Partnership Tax Return, Form 1065, which reports your
partnership’s total net income.
Partnerships are
so-called “pass-through” entities. Pass-through entities are called that
because they don’t pay taxes, rather all income or loss, tax deductions, and
tax credits are distributed—or “pass-through”—to the partners to report on
their income tax returns.
Schedule K-1 is
an important part of the partnership tax return process. It helps you and the
IRS figure out how big your piece of the pie is in the partnership and
determines each partner’s taxable income—and by extension, tax liability.
The objective of this CE/CPE Tax course is to reinforce
how Schedule K-1 amounts should be reported on the tax return.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
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 through its website: www.NASBARegistry.org.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
Senior Stakeholder Liaison, Internal Revenue Service
Mike has been with the IRS since 2002 working in the Stakeholder Liaison position since 2009 and, prior to that, as a Revenue Agent, SB/SE Exam Division, in Downers Grove, IL.
Mike holds degrees in Business Administration and Accounting from Indiana University, an MBA from DePaul University and is working on completing a Master of Science in Taxation degree, also from DePaul University.
264 Ratings
BK
Jun 22nd, 2022
Good Learning experience
SS
Jun 17th, 2022
i need more study of the k-1 subject
MP
Jun 16th, 2022
the way he presented the material was very effective, kept you focus
MG
Jun 16th, 2022
Lots of good information verbally presented by knowledgeable speaker.
JA
Jun 16th, 2022
Good information but would have been more useful to go through real life examples and explain them.
1 Credit
Subject Area
Jul 05, 2022 | 09:00 AM EDT
Jul 05, 2022 | 09:30 AM EDT
Jul 05, 2022 | 09:30 AM EDT
Jul 05, 2022 | 10:00 AM EDT
Jul 05, 2022 | 10:00 AM EDT
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