Don Farmer's Preparing Form 1065: Advanced Strategies for Navigating the Lates IRS Changes - VIRTUAL
4.00 Credits
Member Price $149
Non-Member Price $189
Overview
The IRS has made big changes to Form 1065, and we’re here to help you stay ahead. In part two of a two-part seminar, tax experts Greg White, CPA, and George Koutelieris, CPA, will guide you through a comprehensive, hands-on course for preparing Form 1065. You’ll 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.
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
An understanding of federal income taxation of real estate transactions.
Designed For
CPAs and tax professionals involved in the world of tax.
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.
Preparation
None
Leader(s):
- George Koutelieris, ACPEN Business Professionals Network
- Greg White, ACPEN Business Professionals Network
Leader Bios
George Koutelieris, ACPEN Business Professionals Network
George Koutelieris is a shareholder with the firm Johnson & Shute P.S. He subsequently received his Masters in Taxation from Golden Gate University graduating with Highest Honors in 2010 and being awarded the Outstanding Graduate Tax Student Award for the Seattle campus of Golden Gate. He is currently an Adjunct Professor at Golden Gate University teaching various tax courses. George’s practice includes planning and consulting on complex transactions including formations, liquidations, mergers and acquisitions, purchase and sales, multi-state and international tax for closely held businesses and their owners. In addition, George provides compliance and representation services before the IRS and various State taxing agencies for clients. George is also an active speaker on various tax topics, having presented in the past for Golden Gate University, the Washington Society of Certified Public Accountants and the Oregon Society of Certified Public Accountants.
Non-Member Price $189
Member Price $149