A Practical Guide to Form 8865 (Completed)
Date: Tuesday, August 20, 2019
Instructor: Rita M. Ryan, Tonya S. James
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
|
The IRS’ increased emphasis on international tax compliance has, in more recent years, concentrated on Taxpayers with business dealing abroad – including foreign partnership interests. This webinar will provide tax advisers and return preparers with a practical guide to completing Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships.
We will discuss how to correctly identify those taxpayers who own a “qualifying interest” in a foreign partnership and will also provide practical guidance.
Who Should Attend
Tax advisers and return preparers looking for a practical guide to completing Form 8865.
Topics Covered
- Determining the categories of U.S. persons required to file Form 8865
- Reporting the income and expense statements and balance sheets for taxpayers with 10% or more interest in a foreign partnership or flow-through LLC
- Grasp key U.S. international tax reporting rules and obligations of U.S. persons with interests in foreign partnerships
- Avoid audit red flags and common, serious errors that the Service looks for in Form 8865 and its schedules
- the impact of the 2017 tax reform law on foreign partnership reporting requirements, and how to avoid potentially costly mistakes.
Learning Objectives
- Recognize how to complete Form 8865
- Identify taxpayers who own a "qualifying interest" in a foreign partnership and will also provide practical guidance
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
