Speaker: Nicholas Preusch
Speaker Designation: Tax Manager at YHB CPAs
Mistakes are a part of life and errors of any kind are a common occurrence. That's why pencils have erasers! Fixing them takes skill and knowledge of the rules whether they are amendments to the various business, individual, or payroll tax returns.
Be familiar with the often-complicated process of amending tax returns so that you don't make the same mistake twice. Be proactive and amend the returns as soon as you become aware of substantial errors and before the IRS contacts you.
Form 1065 is an information return used to report the income, gains, losses, deductions, credits, and other information from the operation of a partnership. A partnership doesn't pay tax on its income but passes through any profits or losses to its partners. Partners must include partnership items on their tax or information returns.
Speaker Nicholas Preusch, in this webinar, will look at the most common mistakes made on Form 1065.
In this course, we will look at the most common mistakes made on Form 1065. This course will give you confidence that you are correctly identifying major IRS audit issues and potential pitfalls when preparing a client’s partnership tax return. We will also look at several more advanced Form 1065 issues to help you tackle any Form 1065 that comes your way!
Key topics covered in this course:
Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties, and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia and is a member of the AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).
