1065 – Understanding Partnerships Tax Returns
Total Credits: 2 including 2 Taxes - Technical
- Average Rating:
- 56
- Categories:
- ACPEN Tax Institute | Tax
- Faculty:
- Arthur Werner
- Course Levels:
- Basic
- Duration:
- 2 Hours
- License:
- Product Setting: Expires 30 day(s) after program date.
Description
Form 1065 is the tax return filed by partnerships, which is one of the most common forms of business organizations in the United States. This course provides an in-depth understanding of the preparation and filing of Form 1065.
The course will cover the basics of partnership taxation, including how partnerships are taxed, the different types of partnerships, and the tax obligations of partners. It will also discuss the importance of keeping accurate financial records, the role of the partnership agreement in tax reporting, and the filing deadlines for Form 1065.
Participants will gain a comprehensive understanding of the various sections of Form 1065, including the Schedule K-1, which reports each partner's share of the partnership's income, deductions, and credits. The course will also cover how to report partnership income, expenses, and deductions, as well as the tax implications of buying and selling partnership interests.
In addition, the course will provide an overview of common errors and omissions made when preparing Form 1065, and how to avoid them. It will also cover recent changes in tax laws that affect partnership taxation.
Overall, this course is designed for tax professionals, accountants, business owners, and individuals who need to understand the intricacies of partnership taxation and the preparation and filing of Form 1065. Upon completion of the course, participants will have a solid understanding of partnership taxation and will be able to prepare and file Form 1065 with confidence.
**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.
Basic Course Information
Learning Objectives- Discuss partnership taxation, prepare and file Form 1065 with confidence
Major Subjects
- Partnership taxation
- Different types of partnerships
- Tax obligations of partners
- Role of the partnership agreement in tax reporting
- Filing deadlines of Form 1065
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase | ||
| IRS Credit Request Form- ONLY COMPLETE FOR IRS CREDIT ONLY (137 KB) | Available after Purchase | ||
| Form 1065 (351.1 KB) | Available after Purchase | ||
| 1065 – Understanding Partnerships Tax Returns Handout (826.9 KB) | Available after Purchase | ||
Faculty
Arthur Werner Related Seminars and Products
Werner-Rocca Seminars, Ltd.
Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals. In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University. Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.
Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 2500 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.
Dates
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Tue, Nov 26, 2024 - 01:00pm to 02:47pm CST
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Wed, Nov 27, 2024 - 09:00am to 10:47am CST
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Tue, Dec 17, 2024 - 10:00am to 11:47am CST
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Thu, Jan 02, 2025 - 09:00am to 10:47am CST
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Sat, Jan 04, 2025 - 11:00am to 12:47pm CST
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Wed, Feb 05, 2025 - 09:00am to 10:47am CST
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Sat, Mar 01, 2025 - 11:00am to 12:47pm CST
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Wed, Mar 12, 2025 - 09:00am to 10:47am CDT
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Tue, Mar 25, 2025 - 01:00pm to 02:47pm CDT
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Wed, Apr 16, 2025 - 09:00am to 10:47am CDT
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Sat, May 03, 2025 - 11:00am to 12:47pm CDT
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Wed, May 21, 2025 - 09:00am to 10:47am CDT
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Mon, Jun 16, 2025 - 09:00am to 10:47am CDT
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Wed, Jun 25, 2025 - 09:00am to 10:47am CDT
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Additional Info
Basic Course Information
PrerequisitesNone
Advanced Preparation
None
Designed For
CPAs, EAs, and financial professionals
Original Recording Date
05/2023
Course Developer
Werner-Rocca Seminars
Date Added to Catalog
3/31/2023
Yellow Book No
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Promo Video
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