|List By Date|
|Health Care and Entitlements|
For assistance with
interviews with CCH
New Schedule M-3 for Partnerships Is Topic of CCH Audio Seminar
(RIVERWOODS, ILL., May 1, 2007) – CCH, a Wolters Kluwer business and a leading provider of tax, accounting and audit information, software and services, is presenting a two-hour audio seminar on Thursday, May 10, at 1 p.m. Eastern time, noon Central, entitled Navigating the Form 1065, Schedule M-3: The Uncharted Waters of Book-Tax Reconciliations for Partnerships.
The audio seminar provides a practical review of the often perplexing requirements of Schedule M-3 for Form 1065 by noted tax professors and authors John O. Everett, Cherie Hennig and William A. Raabe. They will examine the requirements and complexities of the new M-3 for partnerships and analyze example scenarios and filled-in forms to illustrate proper partnership M-3 reporting.
Key topics covered in this audio seminar include:
- Complications and unintended consequences of the new reportable entity partner rules, including the new related party attribution rules;
- Comprehensive example of a simple Form 1065, Schedule M-1 compared with a more complex Schedule M-3 for partnerships;
- How to determine the appropriate financial accounting income figure to be used in the book/tax reconciliation on Page 1 of Form 1065, Schedule M-3;
- Reporting various income and deduction items on Pages 2 and 3 of Schedule M-3, including a review of a comprehensive case study with special emphasis on those items applicable to partnerships;
- Special issues associated with reporting guaranteed payments;
- Modifications of partnership financial accounting records necessary to provide the data for Schedule M-3; and
- Current developments regarding Form 1065, Schedule M-3 reporting.
About the Speakers
John O. Everett, Ph.D., CPA, is Professor of Accounting at Virginia Commonwealth University in Richmond, Va. Dr. Everett has served as a speaker and instructor for numerous professional education programs, including the national training courses of Ernst & Young and McGladrey & Pullen. He has authored or coauthored a number of articles in academic and professional journals and is the coauthor of several textbooks. He recently received the Outstanding Service Award from the American Taxation Association, and shared the AICPA Tax Article of the Year Award with Professor. Cherie Hennig for their article on the individual alternative minimum tax.
Cherie Hennig, Ph.D., CPA, M.B.A, is the Faculty Director of the Executive MST program and Professor of Accounting at Florida International University. She began her career as an IRS revenue agent in Denver and has taught undergraduate and graduate tax courses at Colorado State University, the University of South Florida and Virginia Tech. Dr. Hennig has published numerous tax articles, is an author or co-author of numerous tax texts, and has written and taught many continuing professional education courses. She has been a faculty intern with local and national CPA firms, and has conducted research for the IRS Statistics of Income Division and the District Office of Research and Analysis. She is a member of the American Taxation Association and the AICPA.
William A. Raabe, Ph.D., CPA, teaches tax courses in the Fisher College of Business at Ohio State University. Professor Raabe is the author of several tax text books. His research has appeared in journals for both academics and tax advisors. He has been active in the tax education functions of the major accounting firms; he created nationally marketed software for estate and gift planners; and he developed several popular web-based tax courses. Dr. Raabe has been a visiting tax faculty member for a number of public accounting firms, bar associations and CPA societies. He has received numerous teaching awards, including the Accounting Educator of the Year Award from the Wisconsin Institute of CPAs.
How the Audio Seminar Works
CCH’s live audio seminars require nothing more than a telephone connection. For the single per-site fee of $249, an unlimited number of listeners at one site can participate. Handout materials are provided in PDF format that can be downloaded and copied for all those who will participate in the seminar.
Invite colleagues, business referral sources, clients and prospects to your office to listen in and participate on this seminar with you. They’ll appreciate your invitation to hear directly about this important topic.
CCH hosts tax and accounting audio seminars every week, on Thursday at 1 p.m. Eastern, noon Central. Visit CCHGroup.com/AudioSeminars for more information on upcoming CCH audio seminars.
Earn CPE Credit
Two hours of CPE credit are available for an additional $25 per person wishing to receive a CPE certificate for their participation. Course Level: Intermediate. NASBA Field of Study: Taxes. Prerequisite: Basic knowledge of partnership taxation and Form 1065 preparation.
Along with detailed handout materials, firms registering for this audio seminar will receive as a bonus a free copy of CCH’s 1065 Express Answers (2007 Edition) (one copy per registered site).
How to Register
To register online using a credit card go to https://www.krm.com/cch. To register by phone, call Customer Service at 1-800-775-7654. Please have your credit card information ready. For more information, go to CCHGroup.com/AudioSeminars.
About CCH, a Wolters Kluwer business
CCH, a Wolters Kluwer business (CCHGroup.com) is a leading provider of tax, audit and accounting information, software and services. It has served tax, accounting and business professionals and their clients since 1913. Among its market-leading products are The ProSystem fx® Office, CCH® Tax Research NetWork™, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill.
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2006) of €3.7 billion, employs approximately 19,900 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.
-- ### --