Form 8865: Reporting Foreign Partnership Income and Navigating Rules for Allocable Share of Foreign Income Webinar
Charles Kolstad will be speaking via webinar on, "Form 8865: Reporting Foreign Partnership Income." This webinar will be held on Tuesday, December 1st.
This webinar will provide tax advisers and return preparers with insights in handling complex challenges in completing Form 8865 and its associated schedules. The panel will explain approaches for correctly identifying taxpayer category, determining allocable share of foreign income, and avoiding serious, but common, mistakes.
- Understand the purpose of Form 8865, the categories of U.S. persons required to file, and gather data to correctly determine allocable share of partnership income.
- Report the income and expense statements and balance sheets for taxpayers with 10% or more interest in a foreign partnership or flow-through LLC.
- Grasp key U.S. international tax reporting rules and obligations of U.S. persons with interests in foreign partnerships.
- Avoid audit red flags and common, serious errors that the Service looks for in Form 8865 and its schedules.