Don Farmer's Preparing Form 1065: Advanced Strategies for Navigating the Latest IRS Changes
Overview
The IRS has made big changes to Form 1065, and we’re here to help you stay ahead. Get an in-depth look at the latest updates and new requirements, along with practical guidance on how to accurately complete partnership tax returns under these new rules. Whether you’re new to partnerships or a seasoned pro, this session will sharpen your skills and boost your confidence heading into tax season.
This course is part of a two-seminar series. Take it as a stand-alone seminar or sign up for the entire series for a comprehensive passive activity training.
Highlights
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
Completing Form 8825
Electing out of the dangerous new IRS audit rules for partnerships (CPAR)
When must a partnership complete Form M-3?
Prerequisites
None
Designed For
Tax Professionals
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.
Leader(s):
Leader Bios
George Koutelieris
George J. Koutelieris, CPA, MS-Tax, has practiced tax accounting for more than 24 years. He is the managing shareholder of the CPA firm Johnson & Shute, P.S. in Bellevue, Washington. George is a frequent lecturer for organizations providing professional education to other tax CPAs and has written and presented live courses and webinars for the last 10 years. Because of his understanding of tax law and ability to make it understandable, George is someone other CPAs turn to when they have difficult tax questions.
Greg White
Greg White, CPA, has practiced tax for more than 40 years. He is founder of the CPA firm WGN, P.S. in Seattle, Washington. Greg served as an Adjunct Professor at the Golden Gate University’s Seattle Campus over a 14-year period. He is licensed to practice in U.S. Tax Court and has argued cases before the Tax Court. He has been named a “Top 50” IRS Practitioner by CPA Magazine.
Non-Member Price $199.00
Member Price $149.00