The partnership section of the Internal Revenue Code is arguably one of the most
difficult sections to comprehend. That complexity, and the reliability of tax
software to properly handle it, can create many issues for you and your staff when
processing you client’s LLC and partnership tax returns.
Join us as we discuss the common errors practitioners make on partnership tax
returns that are often missed by review staff. The intent is to sharpen skills for
reviewers by examining case studies and discussing issues where additional
information from the client may be warranted and areas of tax law where proper
treatment requires additional analysis and information. Multiple issues will be
discussed including income, deductions, K-1 reporting, and more! This course
follows a highly illustrative case study format to increase participant
comprehension and retention.
When you complete this course you will be able to:
• Identify common mistakes made on partnership tax returns.
• Determine strategies to avoid making mistakes on partnership tax returns.
Common errors made involving the following tax forms:
• Form 1065
• Schedules K and K-1
• Schedules M-1 and M-2
• Form 4562
• Form 4797
• And More!
CPAs working with clients
requiring expertise in partnership
taxation for the current tax
Basic knowledge of partnership