This 4-hour webcast is designed to provide tax professionals with a thorough review update and refresher of all pertinent information that can be packed into the time slot.

Topics Covered:

· What's new

· Various reminders

· Purpose of Form

· Significant definitions

● Who must file

· Termination of partnership filing issues

· Electronic filing issues

· When to file

· Client and practitioner signing issues

· Penalties

· Accounting methods

· Accounting periods

· Recordkeeping

· Administrative adjustment requests

· Amended returns

· Various related form listings

· Order of Forms and Schedules for filing

· Entity classification election

· Partnership/partner elections

· Partnership contributions

· At-risk limitations

· Passive activity limitations

· Various specific Form instructions

· Compliance with AICPA Statements on Responsibilities in Tax Practice

Learning Objectives:

· Provide the tax practitioner with a comprehensive overview Form 1065 preparation.

· Provide the tax practitioner with practical knowledge and planning strategies for dealing with issues involving correct and proper preparation of Form 1065 including client instructions.

Prerequisites:

· Basic knowledge of Form 1065 and related schedules

· Basic knowledge of the importance of appropriate due diligence when dealing with respect to preparation and filing per Circular 230.