4 Hour Live Virtual Training on Form 1065 Bootcamp
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Training TypeLive Training
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CategoryFinance
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Duration4 Hours
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Rating4.9/5
Partnership Income Tax (Form 1065) Training Course Introduction
About Partnership Income Tax (Form 1065) Training Course
The objective of this course is to train new, rusty, or returning-to-practice staff with a hands-on, pencil-pushing gold standard for preparing Form 1065. This boot camp provides an in-depth foundational center of the forms, along with other common to advanced issues of partnerships and limited liability companies. The boot camp allows staff to discover the connections between a trial balance and a completed partnership return, with a filled-in completed Form 1065 provided in the case solutions.
Partnership Income Tax (Form 1065) Training Course Objective
Recognize and apply the various sections of Form 1065
Compute capital accounts under the tax basis method required for 2020
Explain the Centralized Partnership Audit Regime
Describe how to properly designate a partnership representative
Recognize advantages and disadvantages of filing Form 1065
Recognize the requirements for a late filing penalty waived for reasonable cause
Differentiate examples of an election made by partners instead of a partnership
Identify a type of other expense included on Line 20 of Form 1065
Recognize which type of arose after the 1980s energy and real estate meltdowns
Describe correct statements regarding Section 754 step-ups
Identify the most important factor in determining whether an arrangement constitutes a partnership
Recognize types of partners are allowed to sign Form 1065
Differentiate which types of partners are allowed to sign Form 1065
Identify one of the four requirements that must be met for easier reporting
Describe partnership rules and how they apply to various scenarios
Who is the Form 1065 Bootcamp Course Target Audience?
All levels of staff and company controllers responsible for filing these forms
What Basic Knowledge required to learn Form 1065 Bootcamp Course?
Prior knowledge is not needed
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