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1065 Preparation and Planning 2: Income and Deductions

Sidney Kess and Barbara Weltman

The second part of this series covers the reporting of trade and business income and deductions on Form 1065. It details how deductions and income are taken into account when calculating net income or loss.

Each chapter begins with an alert of new changes for the year and then reviews the fundamentals pertaining to the topic in question. Examples illustrate how the related Internal Revenue Code rules apply. There is frequent emphasis on the rationale of the rules under discussion. Blank forms and schedules for particular items are included, as well as practice pointers, pitfalls and recent developments, with the cases and rulings noted.
Course Details
Price:  $36.00
Field of Study:  Taxes
Prerequisites:  1065 Preparation and Planning 1: Tax Fundamentals
Level:  Update
CTEC course number:  1075-CE-2623
Course was last updated on:  12/13/05
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Technical Requirements:
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Credit Available For: Units
CPE 3 CPE
QAS 3 CPE
CFP® (Accepted by the CFP Board) 3 CPE
Enrolled Agent (Accepted by the IRS) 3 CPE
Law (Accepted by the State Bar of California) 3 CPE
CTEC Federal 1 CE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

User Reviews
Reviewer: Colin C. submitted on 11/20/2006
Well organized, very relevant to my work
Reviewer: Lian B. submitted on 11/17/2006
very organized
Reviewer: Michelle S. submitted on 11/06/2006
Easy to understand and able to work at your own pace.
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