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Friday, June 9, 2017 Live

Introduction to Partnership Taxation (E1706311)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

NJCPA Education Center

425 Eagle Rock Avenue,
Roseland , NJ 07068

8 CPE Credits in TX

OVERVIEW

From first year return issues to disposition of a partnership interest, this program provides information about the basics of partnership taxation. 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. Anyone who prepares partnership returns will benefit from this course.

DESIGNED FOR

Accountants who will prepare partnership and LLC tax returns. May also be suitable for public practice.

BENEFITS

  • 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 versus basis
  • Partner basis from partnership debt
  • Calculation of partnership income
  • Partnership allocations
  • Distributions
  • IRC Sec. 736 distributions
  • IRC Sec. 754 election
  • Partnership versus partner tax accounting elections
  • Preparation of partnership return and reporting problems

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Don Cochran

Don Paul Cochran, CPA, J.D., CFP, CRC

Don Paul Cochran, J.D., CPA Don has practiced law in both Iowa and Minnesota for 40 years. He is currently in solo practice of law in Apple Valley, Minnesota, focusing on tax, estate planning, and small business organization and management. He was a CPA with the Small and Emerging Business practice of then-Big 8 accounting firm, Touche Ross, in Bloomington, Minnesota, and has served as the Vice President of Tax and CFO with various privately and publicly held companies. He also served as an advanced sales consultant with Securian Financial, Nationwide Financial, and Pacific Life Insurance Company’s Annuity and Mutual Fund division, providing advanced planning support for financial advisors on topics of financial and estate planning for small to medium-size businesses and wealthy individuals.

Don is actively involved in continuing education and other seminars for financial professionals and accountants, on topics related to tax issues for individuals and small businesses; current financial planning and asset transfer; and preparing for and living through retirement. Don is much sought after as a presenter of CPE for seminars sponsored by state societies of CPAs, CPA firms, and other providers of continuing education for financial professionals, and is a featured speaker at several national tax conferences.

Don earned a Bachelor of Science in General Science from the University of Iowa, Iowa City, Iowa, and graduated from the University of Iowa College of Law with his Juris Doctorate. In addition to being a licensed attorney in Minnesota and Iowa, he maintains his license as a Certified Public Accountant. He also attained the designation of Certified Financial Planner® and Certified Retirement Consultant.®

PRICING

$299.00 - Member

$399.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

Loscalzo Institute