On-Demand: Introduction to Partnerships
IRS Program #: X9QQU-T-00901-22-S
CTEC #: 6257-CE-0106
CE: 2 IRS CE & 2 CTEC credits
Speaker: Jane Ryder EA, CPA
Partnerships and LLCs filing as partnerships, Form 1065, are the second most common business tax return filed in the US, after S corps. This course will review each type of partnership; general partnerships, limited partnerships, PTPs, LLPs, and LLCs filing as partnerships. We'll demonstrate the unique compliance and tax attributes of each type of partnership and the pros and cons of each entity. We'll discuss special income and basis allocations that are available to partners and LLC members including guaranteed payments, state PTET elections, and much more. Also, late filing penalties and other compliance matters.
Learning Objectives:
- Upon successful completion of this course, participants will understand the different types of partnerships and attributes specific to each type.
- Understand the pros and cons of each type of partnership or LLC partnership
- Develop valuable tax strategies and tax planning moves specific to each type of partnership
- Learn basic income allocation and basis allocations available to partners.
- Review late filing penalties and other compliance matters related to partnerships.
Continuing Education
This course qualifies for IRS Continuing Education Hours. NAEA reports IRS CE on a monthly basis. If you have not received your CE Hours in your IRS PTIN Account by the end of the month after receiving the certificate, please contact NAEA at education@naea.org.
Webinar Refund Policy
To request a refund, contact the NAEA education team via email at education@naea.org. An NAEA education team member will review the request for refund. If the refund request has been approved, the refund will be refunded on the same method of purchase. Live Webinars, also offered On-Demand Webinars will not be refunded.