January 22, 2026


Livestream


4 CPE Credits

Livestream Only: Don Farmer's Preparing Form 1065: Navigating the Latest IRS Changes for Partnership Returns

January 22, 2026
Livestream
4 CPE Credits

Livestream Only: Don Farmer's Preparing Form 1065: Navigating the Latest IRS Changes for Partnership Returns

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    Instructor

    George
    Koutelieris

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Learning Objectives

  • Identify circumstances under which a business involving only two spouses requires a partnership return.
  • Identify strategies to eliminate late-filing penalties for partnership returns.
  • Compute bonus depreciation on partnership step-ups under §743.
  • Identify circumstances where a partnership can revoke a section 754 election.
  • Recognize how to determine how to answer Form 1065 questions on passive activity grouping.

Major Topics

  • Changes on Schedule K
  • Schedules K-2 and K-3
  • When does a business involving spouses require a partnership return?
  • How to eliminate late-filing penalties for partnership returns
  • When must a partnership return be filed?
  • How to apply the bonus depreciation rules to partnership step-ups under §743
  • New IRS form allowing revocation of section 754 election
  • When it's possible to revoke the election
  • Answering Form 1065 questions on passive activity grouping

CPE Credits Available

4 CPE Credits
4
Taxes

Things to Know About This Course

Professional Area of Focus

  • Taxation (General)

Provider

Don Farmer Tax Education

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