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1065 Preparation and Planning 1: Tax Fundamentals (2007 Edition)

Sidney Kess and Barbara Weltman

The first course in this series introduces you to Form 1065, which is used to report to the IRS the income, deductions, credits, and other items from the operation of a partnership or a limited liability company (LLC).

The course defines a partnership for the purposes of filing Form 1065, and provides details on the different forms and schedules that need to accompany Form 1065 when it is filed. The role of the preparer, filing requirements, due dates and extensions are also explained.

The second part of this course gives detailed instructions on how to accurately complete the top of page 1 on Form 1065.

Alerts of new changes for the year are given, as well as reviews of 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.

Links to schedules for particular items are included, as well as practice pointers, pitfalls and recent developments, with the cases and rulings noted.

Course Details
Price:  $48.00
Field of Study:  Taxes
Prerequisites:  None
Level:  Update
CTEC course number:  1075-CE-1116
Course was last updated on:  11/06/06
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Technical Requirements:
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Credit Available For: Units
CPE 4 CPE
QAS 4 CPE
Enrolled Agent (Accepted by the IRS) 4 CPE
CTEC Federal 4 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: Avner M. submitted on 03/27/2009
Complexity
Reviewer: Veneta P. submitted on 11/21/2008
Knowllege provided was valuable and relevant to my practice.
Reviewer: Dana C. submitted on 11/11/2008
Self check feature throughout
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