Form 1065: Pen to Paper, Part 2 of 2

2 IRS CE/CTEC/NASBA CPE*

Partnerships-Pen to paper Form 1065 tax preparation
This session details preparing Form 1065 (Partnerships & LLCs filing as partnerships). Complete examples are provided for most common tax returns including basic K-2 & K-3 filing, common elections such as PTET, Section 754 step up, partner loans, contributions or buy out reporting requirements, best practices for cost of goods sold, partner basis issues, tax reporting options to maximize QBI, partner capital accounts and more. Worksheets and examples starting with the client's financial reports, making needed tax adjustments (Tax AJEs), then preparing a complete and accurate business tax return.

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*Self-Study recording available for IRS CE Credit only (NO CPE)

NASBA Field of Study: Taxes

IRS Program #: 7Q3WU-T-00964-26
CTEC Course #: 6248-CE-00319