Preparing Form 1065: Part 2 (Currently Unavailable)
Author: Greg White
| CPE Credit: |
4 hours for CPAs
4 hours Federal Tax Related for EAs and OTRPs
4 hours Federal Tax Law for CTEC |
The IRS has made important changes to the 2022 Form 1065. We’ll present a comprehensive course on preparing Form 1065, including in-depth treatment of the important new changes.
In the second part of a two-part Form 1065, experienced tax practitioner and instructor Greg White, CPA, will provide a detailed discussion on how to complete Form 1065 and apply new rules that are crucial to preparing partnership tax returns.
Publication Date: December 2022
Designed For
Tax practitioners
Topics Covered
- When should self-employment earnings be reported for an LLC member?
- Important new clarification on Schedule M-2 reporting
- How to complete Schedule K-1
- Including §704(c) requirements
- Completing Form 8825
- Electing out of the dangerous new IRS audit rules for partnerships (CPAR)
- When must a partnership complete Form M-3?
Learning Objectives
- Identify partnerships that are able to elect out of the CPAR (centralized partnership audit regime)
- Recognize how to report self-employment earnings for LLC members
- Identify partnership clients that are eligible to elect out of the dangerous new IRS audit rules for partnerships (CPAR)
- Identify how to streamline Form M-3 reporting for some partnerships
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (4 hours)
Program Prerequisites
None
Advance Preparation
None
