January 22, 2026


Webcast


4 CPE Credits

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

January 22, 2026
Webcast
4 CPE Credits

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

  • Instructor

    George
    Koutelleris

  • Instructor

    Greg
    White

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. 
  • Determine appropriate responses to Form 1065 questions related to 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

Course Level

  • Intermediate

Professional Area of Focus

  • Tax

Prerequisites

None

Advanced Preparation

None

Intended Audience

Tax professionals.

Provider

Don Farmer Tax Education

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