LLC’s & Partnerships in Depth
Exam OnlyProduct Description
We include both instruction and practice to deliver a thorough comprehension of how to prepare tax form 1065. This involves full guidance through formation rules and elections, plus potential late elections, and terminations (including mid-year issues). We will also cover common operating tax issues encountered with LLCs, such as owner compensation and fringe benefits, pension plans, guaranteed payments, self-employment tax and income allocations. To conclude the course, your instructor will review with you any unusual LLC tax issues such as the CPAR audit rules (and elections out), 754 step-up basis elections, reporting issues and basis.
Prerequisites
NoneField of Study
Taxes-8.00NASBA Categories
TaxesCourse Level
BasicCourse Objectives
Upon completion of this course, you will be able to-Prepare individual tax returns for partnerships and LLCs; Provide clients with the characteristics, advantages, and disadvantages of LLCs; Advise clients on forming a partnership or an LLC; Advise clients about methods of accounting and partnership/LLC tax returns; Properly treat partner and partnership items with regard to basis and calculate a partner’s basis; Advise clients on the proper treatment of members leaving an LLC and selling their interest.
Self Study Options
On Demand
An online, previously recorded course viewed at your convenience. The course is added to your TaxSpeaker account for instant access and includes: eBook, PDF of PowerPoint slides, downloadable course video, & (1) exam required for CPE credits.
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Ebook/DVD
A digital, downloadable PDF course manual & DVD package which includes: digital manual, DVD of course presentation, PDF of PowerPoint slides & (1) exam required for CPE credit. The DVD will be shipped to you and the manual/slides will be added to your TaxSpeaker account to download at your convenience.
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Manual/DVD
A physical, printed copy of our course manual and a course DVD. Included is: manual, DVD, PDF of PowerPoint slides, & (1) Exam required for CPE credit. The manual and DVD will be shipped to you; the slides will be added to your TaxSpeaker account to download at your convenience.
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