Preparing Form 1065: Part 2 (Half-Day Webinar) (Completed)

Date: Wednesday, February 1, 2023
Instructor: Greg White
Begin Time:  8:00am Pacific Time
9:00am Mountain Time
10:00am Central Time
11:00am Eastern Time
CPE Credit:  4 hours for CPAs
4 hours Federal Tax Related for EAs and OTRPs
4 hours Federal Tax Law for CTEC

The IRS has made important changes to the 2022 Form 1065. We’ll present a comprehensive course on preparing Form 1065, including in-depth treatment of the important new changes.

Join expert Greg White, CPA, as he walks you through how to complete Form 1065 and apply new rules that are crucial to preparing partnership tax returns.

Topics Covered

  • When should self-employment earnings be reported for an LLC member?
  • Important new clarification on Schedule M-2 reporting
  • How to complete Schedule K-1, including
  • Completing Form 8825
  • Electing out of the dangerous new IRS audit rules for partnerships (CPAR)
  • When must a partnership complete Form M-3?

Learning Objectives

  • Identify partnerships that are able to elect out of the CPAR (centralized partnership audit regime)
  • Recognize how to report self-employment earnings for LLC members
  • Identify partnership clients that are eligible to elect out of the dangerous new IRS audit rules for partnerships (CPAR)
  • Identify how to streamline Form M-3 reporting for some partnerships


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites

Advance Preparation

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