Webinar

Surgent's Form 1065 Boot Camp: Step-by-Step Preparation with Completed Forms

---

The objective of this course is to train new, rusty, or returning-to-practice staff with a hands-on, pencil-pushing gold standard for preparing Form 1065. Common to advanced issues of partnerships are explored in the current course that can double as a quick and practical reference guide for tax treatment and tax preparation guidelines. Within each chapter, we illustrate various parts and areas of interest when preparing a 1065, including examples and corresponding tax forms. We bring it all together in the final two chapters with a comprehensive example that integrates and links all previous chapters. The course and instruction delivery are geared toward a basic understanding and progress to more complex issues via Surgent's "Step-by-Step" preparation guide.

Major subjects

• Comprehensive coverage of the Inflation Reduction Act of 2022
• Gain a thorough understanding of federal income tax laws for partnerships and LLCs, from formation to tax return preparation issues
• Filing requirements for Schedules K-2 and K-3
• Who files Form 1065, and who does not file Form 1065
• Tax Basis Capital Account Reporting Requirements
• Trade or Business income and expenses versus Separately Stated Items
• The importance of Schedule M-1
• Partnership distributions -- current or liquidating, cash or property
• How to allocate recourse and nonrecourse debt
• Self-employment tax issues; court cases and trends in tax audits of earnings subject to self-employment taxes
• Complete coverage of any new legislation enacted before presentation
• Section 163(j) limitations
• Mastering two common tax forms, Depreciation (4562) and Sale of Assets (4797)
• Final regulations on Section 168(k)
• Partnership reporting oddities
• Accurately preparing partnership returns and reconciling book income to taxable income
• The Centralized Audit Regime under the Bipartisan Budget Act of 2015

Learning objectives

• Learn in detail about the preparation of Form 1065, Schedules M-1, K, and K-1
• Learn in detail about common business reporting Forms 4562 and 4797
• Provide staff with the first stage of a graduated professional education program in servicing partnership and LLC clients

Who should take this program?

• All levels of staff and company controllers responsible for filing these forms

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $279.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

---

Related programs

Dec. 10, 2025 | Surgent's Form 1065 Boot Camp: Step-by-Step Preparation with Completed Forms | Webinar

Dec. 12, 2025 | Surgent's Forms 1120-S and 1065 Return Review Boot Camp for New and Experienced Reviewers | Webinar

Dec. 12, 2025 | Reviewing Partnership Tax Returns: What Are You Missing? | Webinar

Dec. 17, 2025 | 1065: Understanding Partnerships Tax Returns | Webinar

Dec. 18, 2025 | Surgent's Tax Forms Boot Camp: LLCs, Partnerships and S Corporations | Webinar

---

Related products

Surgent's Form 1065 Boot Camp: Step-by-Step Preparation with Completed Forms | Self-Study (Downloadable PDF)

Surgent's Form 1065 Boot Camp: Step-by-Step Preparation with Completed Forms | Self-Study (On-Demand)

Surgent's Forms 1120-S and 1065 Return Review Boot Camp for New and Experienced Reviewers | Self-Study (Downloadable PDF)

Surgent's Forms 1120-S and 1065 Return Review Boot Camp for New and Experienced Reviewers | Self-Study (On-Demand)

Surgent's Tax Forms Boot Camp: LLCs, Partnerships and S Corporations | Self-Study (Downloadable PDF)

---