CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Best Workshop on Partnership & LLC (Form 1065) Tax Return Review & Case Study (NEW)

Best Workshop on Partnership & LLC (Form 1065) Tax Return Review & Case Study (NEW)

8 Credits

$120

Subject Area

Taxes

Webinar Qualifies For

8 CPE credit of Taxes for all CPAs

8 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. 6273-CE-0299)

8 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. GEHNZ-T-00291-20-S)

8 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

8 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

8 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. 6273-CE-0299)

8 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. 6273-CE-0299)

8 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

The topic is also scheduled as live webinar on the following dates

Oct 20, 2021 | 12:00 PM EDT Register
Oct 27, 2021 | 09:00 AM EDT Register
Nov 03, 2021 | 10:00 AM EDT Register
Nov 10, 2021 | 11:00 AM EDT Register

Overview

  • Case - Forms of Operating a Business, Taxable Year End & Accounting Issues
    16 mins
  • Other Income Tax Return Filing Issues
    44 mins
  • Contribution of Property
    63 mins
  • Partnership formation & 704(c)
    97 mins
  • Exception & Special rules
    126 mins
  • Partnership Formation - Tax Basis & Capital Accounts
    160 mins
  • Schedule K-1 Reporting - Net Investment Income
    214 mins
  • Application to Partnerships & S corpirations
    251 mins
  • Application to Partnerships
    293 mins
  • Obligation to Make Payment
    331 mins
  • Basis of distributed Property Other than Money
    362 mins

Course Description

With the increasing complexity and ever-changing nature of tax laws and issues, today’s accountant needs a partnership/LLC course focusing on the hottest tax topics and most frequently encountered issues. This case-driven online continuing education course will deal with both partnership/LLC and partner/member developments addressing the most common, yet complex Federal partnership/LLC issues and problems.

This online CPE webinar will review partnership tax law by looking at case studies addressing issues and problems at both the partnership and partner levels.  Each attendee will receive the most comprehensive reference manual with numerous practice aids and real-world examples and case studies.

An extensive review of the partnership tax laws with an emphasis on any new legislative changes (SECURE & CURES Act) including the Tax Cuts & Jobs Act (TCJA) 20% qualified business income (QBI) deduction and changes to the interest deduction, fringe benefits, and entertainment expenses

  • Overview of different forms of business entities including the check-the-box regulations 
  • Formation issues including the mandatory allocation of the §704(c) pre-contribution gain or losses back to the contributing partner/member
  • Schedule K and K-1 – separately & non-separately stated income and expense items
  • Substantial economic effect requirement to have special allocations to the partners/members
  • Allocation of recourse & non-recourse debt on K-1s
  • Guaranteed payment issues and tax treatment of fringe benefits
  • Self-employment tax issues and pitfalls
  • §754 optional basis adjustments and mandatory adjustments
  • Tax treatment of distributions - cash versus non-cash & liquidating versus non-liquidating
  • Overview of a partner/member’s outside basis and deductibility of losses

J. Patrick Garverick is one of the most admired and best-reviewed Tax Speaker in the country and we are offering the classes at a much-discounted price during the pandemic. His courses have been best-reviewed time and again 

  • For Quality of Content
  • For Relevance and Practical Case studies
  • For Best Teaching Approach
  • For Best Course Material

Awards and Accolades

  • Award for Instructor Excellence for California Education Foundation
  • Award for Outstanding Course materials for California Education Foundation.
  • Rated top tax instructor in nearly every location he has presented 
  • One of the few instructors to have received perfect scores (multiple times) from attendees for both presentation skills and knowledge. 

During this webinar, you will get Free E-Book worth $200. The book will be shared with you during the webinar. The book is copyright protected.

Click for more online CPE/CE Courses:

AFSP CE Package (Incl. AFTR Course and Ethics)

EA CE Package (Incl. Federal Tax Updates and Ethics)

Package for Tax Practitioners (Incl. 2 hours Ethics)

Learning Objectives

  • To form a partnership and calculate the partnership’s initial inside basis in the assets and partner’s outside basis in the entity
  • To understand how the schedule K items get allocated to the partners/members on their individual Schedule K-1
  • To prepare a partnership’s initial tax and §704(b) book capital accounts and understand their purpose

Who Should Attend?

  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • Certified Valuation Analysts
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Senior Accountant
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros

Testimonial

5

(3)
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AA

Great!