Reviewing Partnership Tax Returns: What Are You Missing? (4 hours)

July 31, 2025 6:00am - 10:00am PDT

(Check-In 5:30am PDT )

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Member Price $225.00

Non-Member Price $269.00

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Overview

Strategies to help reviewers catch errors in partnership and LLC tax returns before they are submitted.

Highlights

Common errors made involving the following:

Form 1065

Schedules K and K-1

Schedules M-1 and M-2

Calculating recourse and nonrecourse liabilities

Partner inside and outside basis

Partner's capital account analysis

Sections 704(b), 704(c), 721, 722, 732(b), 734(b), 737, 743(b)

Prerequisites

Experience with partnership tax return preparation

Designed For

Partners and managers in CPA firms

Experienced CPA staff

Objectives

Identify the mechanics of a partnership's tax return, including partner capital account calculations and permissible tax years.
Determine the proper allocation of recourse liabilities among partners.
Analyze the consequences of a new partner joining a partnership.
Determine depreciation expense among the contributing and noncontributing partners under Section 704(c).
Determine the value of assets with nonrecourse liabilities.

Notice

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