When two or more persons agree to engage in a common business activity, is this arrangement considered a partnership? Are all such types of arrangements required to file a Form 1065? You may be surprised. Tax professionals who prepare returns for a group of clients who engage in a common business activity may actually be dealing with a partnership, even though a written or verbal agreement is nonexistent. If it walks like a duck (partnership) and quacks like a duck (partnership)... it's a duck (partnership). This webinar provides essential information to help tax professional understand the intricacies of partnership tax aspects from computing capital accounts, dealing with the impact of partnership liabilities and the benefits of making a §754 election, reporting and taxing distributions, to dealing with the disposition of a partnership interest.
Fall Tax School webinars feature audio instruction, plus a powerpoint presentation. Each course includes a set of materials that accompany the course presentation.
Registration Fee: $40.00
CPE Credits: Up to 1.5 (1.0 for IRS purposes and 1.25 for IL MCLE) based on attendance and completion of engagement activities.
CPE Filings Available: Illinois MCLE, CFP, IRS
Tom O'Saben has been an instructor for the Tax School since 2009. During that time, he has also been a presenter with the National Association of Tax Professionals, where he served as a Training Specialist developing curriculum, writing textbooks, and instructing at educational seminars. Tom's practice, established in 1991, provides tax services for approximately 1,000 clients. Tom earned his bachelor's degree from Southern Illinois University Edwardsville. He is an enrolled agent (EA).
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This test should take less than 5 minutes to complete.
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If your technical problems cannot be resolved, please call the Tax School office at 217-333-0502 for options regarding webinar attendance.
Learning Objectives: By attending this webinar, you will be able to:
|CPE credits||Up to 1.5 based on attendance and completion of engagement activities|
|Field of Study (NASBA)||Taxes (1.5)|
|IRS Categories||Federal Tax (1)|
|IL MCLE||Taxation (1.25)|
Please see our CPE FAQ for more information.
Delivery Method: Internet-Based Group
Program Level: Overview
Prerequisite(s): Professional experience in preparing tax returns and an understanding of basic tax rules and regulations.
Materials: Will be available in your Tax School account one week prior to the webinar.
Last updated 10/18/2017 12:52:07 PM