CONTACT THE BUSINESS LEARNING INSTITUTE
Name*
Email Address*
Phone Number:
Message:
Please enter the following text in the box below:
captcha
ADDRESS: 901 Dulaney Valley Road, Suite 800
Towson, MD 21204
PHONE: 888-481-3500
FOLLOW BLI:
Introduction to Partnership TaxationCOURSE ID: IPT
DESCRIPTION

From first year return issues, to disposition of a partnership interest, this program provides information about the basics of partnership taxation. Anyone who prepares partnership returns will benefit. Learn to identify separately stated items for Form K-1 and to calculate partnership income. Actually prepare a complex partnership return from a trial balance in a comprehensive case study.

DESIGNED FOR: Accountants who will prepare partnership and LLC tax returnsFIELD OF STUDY: TaxesLEVEL: BasicPREREQUISITES: NoneCOURSE PRODUCER: Nichols Patrick CPE, IncCREDITS: 8.0OBJECTIVES:
  • Properly account for common partnership transactions
  • Track partner's capital account and basis in partnership interest (They may not be the same)
  • Prepare an accurate Form 1065 and associated Forms K-1.
HIGHLIGHTS:

* Organization of partnership * Capital account vs. basis * Partner basis from partnership debt * Calculation of partnership income * Partnership allocations * Distributions * IRC Sec. 736 distributions * IRC Sec. 754 election * Partnership v. partner tax accounting elections * Preparation of Partnership return and reporting problems

INSTRUCTOR
-TBD-
Download the 2016 Business Learning Institute Course Catalog DOWNLOAD PDF
Business Learning Institute - Course Catalog
SUBSCRIBE TO THE BLI BLOG