Partnership Update and Review Course: Preparation of Form 1065
RegisterPaul La Monaca CPA, MST
Session Begins: 1:00 PM ET/12:00 PM CT/11:00 AM MT/10:00 AM PT
Session Concludes: 3:00 PM ET/2:00 PM CT/1:00 PM MT/12:00 PM PT
This course provides detailed guidance to Tax Professionals about the Federal Tax Issues of operating a small business as a partnership. The course reviews the challenges and flexibility of Subchapter K of the Internal Revenue Code. The session discusses the creation of a partnership and the operation for federal income tax purposes. The course will discuss the reporting requirements that impact the individual partners and their Form 1040. The session reviews the partner’s basis in the partnership interest, distributive share of partnership profits and losses and the impact of entity debt on the individual partners. Specific changes impacting the filing of the 2024, Form 1065 will be highlighted.
At the completion of the session, participants will better understand the challenges, benefits and the burdens of partnership taxation. The participants will also be better equipped to assist clients in their planning and their reporting responsibilities and understanding their outside basis and the applicable limitation on allowable losses passed through on their individual Schedule K-1 and how it impacts the filing of an individual partner’s personal Form 1040.
Administration: Streaming
Streaming Refunds
- Once your registration confirmation is emailed, due to the proprietary materials and content of Streaming orders are NOT ELIGIBLE for refund, cancellation, or transfer to another NSTP course.
Streaming Disclaimer
- Streaming materials and Streaming presentations are intended to stimulate thought and discussion and to provide attendees useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any tax procedure, tax planning technique, device or suggestion, or any of the tax consequences associated with them.
- Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual’s reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials, and during the seminar presentation, before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any device, technique, or suggestion before recommending the same to a client or implementing the same on behalf of a client, or on the attendee’s own behalf.
- Streaming materials & presentations are fully protected under copyright law. Any attempt to copy for resale, distribution, or use other than personal use for tax preparation will be fully prosecuted of the law.
- For streaming courses that offer course materials prior to the course date, cancellations, refunds, or transfers to another course are not allowed. Once the course material is emailed, there are no cancellations, refunds, or transfers to another course.
Attendance Monitoring and Awarding CE
- Streaming courses employ a pop up tool for tracking attendance. According to NASBA guidelines, you need to respond to at least three popups per hour to qualify for continuing education (CE) credits. We have included several additional pop ups throughout the course to ensure all participants have the opportunity to earn the full CE credits available. CE credits cannot be earned by participating in the streaming course via phone only.
Other Administrative Policies
- Access Link: You will receive an email with a link to access the course once your payment has been successfully processed.
More Information
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