<p>This course will be an overview of:</p> <ul> <li>Partnership taxation concepts, including formation, basis, flow-through of items, allocations, and distributions</li> <li>Form 1065 filing requirements</li> <li>Form 1065 preparation and reporting requirements, with an emphasis on book-to-tax reconciliations</li> <li>Maintaining and reporting capital account balances and the new tax-basis capital account reporting requirement</li> <li>Income/loss, expense/deduction, and recourse and nonrecourse debt allocation requirements</li> </ul>