1065 Preparation and Planning 3: Schedules and Completing the Return (2018 Edition) (Currently Unavailable)

Author: Barbara Weltman, Sidney Kess

CPE Credit:  3 hours for CPAs
3 hours Federal Tax Related for EAs and OTRPs
3 hours Federal Tax Law for CTEC

This course, the third in the series, reviews the principles of partnership income tax preparation. It provides details on the schedules and supplemental information that should accompany Form 1065.

This course reflects the tax law before the enactment of TCJA.

Publication Date: November 2017

Designed For
Tax practitioners.

Topics Covered

  • Schedules L, M-1, M-2, and M-3
  • Schedule K, Partners' Distributive Share Items
  • Partnership rental activities
  • Partnership deductions entered on Schedule K
  • Tax credits entered on Schedule
  • Completing Form 1065

Learning Objectives

  • Identify when Schedules L, M-1, M-2, and M-3 are required
  • Complete Schedule K
  • Complete the return

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (3 hours)

Program Prerequisites
None

Advance Preparation
None

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