December 9, 2025


Live Webcast


NYSED 4
NASBA 4

Reviewing Partnership Tax Returns: What Are You Missing? Webcast

December 9, 2025
Live Webcast
NYSED 4
NASBA 4

Reviewing Partnership Tax Returns: What Are You Missing? Webcast

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    Instructor

    William
    Taylor

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Learning Objectives

When you complete this course, you will be able to: • 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.

Major Topics

Common errors made involving the following: • Form 1065
• Schedules Kand 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)

CPE Credits Available

NYSED 4
NASBA 4
4
Taxation (NYSED) - NYSED
4
Taxes (NASBA) - NASBA

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Taxation (NYSED)
  • Taxes (NASBA)

Prerequisites

Basic knowledge of partnership taxation

Advanced Preparation

Basic knowledge of partnership taxation

Intended Audience

  • Partners and managers in CPA firms
  • Experienced CPA staff

Provider

AICPA

This event has ended.