Partnership Tax Filing Issues (Currently Unavailable)
Author: James R. Hamill
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Practitioners often encounter partnership tax filing issues regardless of their area of specialty. Increased information reporting and the complex nature of partnership tax transactions make compliance with the filing requirements particularly challenging. This two-hour CPE course will help you approach these returns with confidence.
Nationally recognized tax practitioner, instructor and commentator, James Hamill, CPA, Ph.D., will provide a practical review of the issues that most commonly arise in preparing partnership tax returns. Dr. Hamill will also address how to tackle partnership tax return complexities during the extended filing season.
Publication Date: March 2023
Designed For
CPAs, EAs, tax preparers and other tax professionals with responsibility for reviewing partnership and LLC tax returns and planning for partnership tax entities.
Topics Covered
- Forms and Schedules
- Allocations of Profit and Loss
- Partner Shares of Debt
- Entity”Level Elections
- Centralized Audit Issues
- Capital Account Reporting
- Unrecognized Section 704(c) Reporting
- Distributions
- Guaranteed Payments
Learning Objectives
- Describe essential reporting issues and obligations in partnership taxation
- Identify planning opportunities with partnership tax returns
- Recognize how to apply best practices for preparing partnership returns
- Identify correct statements with respect to guaranteed payments
- Describe capital account reporting
- Describe characteristics of K-1s
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic experience with partnership tax returns.
Advance Preparation
None
