CCH's 1065 Preparation and Planning Guide is the premier professional guide to preparing Partnership and LLC income tax returns -- plus you can use the Guide to get valuable CPE credits while preparing for the coming tax return season. It is a product that includes both print text and a convenient CD audio tax update; a guide to both tax preparation and planning; and a source for both quick reference and CPE credits. Written by noted tax experts, commentators and educators, Sidney Kess and Barbara Weltman, 1065 Preparation and Planning Guide's approach is concise and practical. These skilled authors provide precise guidance on all the essentials of partnership tax return preparation. Practitioners can go into the tax season knowing they are prepared for the rigors of 1065 preparation -- feeling confident that they know what's new and that they have a good grasp of the fundamentals. The first module in this course reviews tax fundamentals for Form 1065. Chapter 5 (Schedules L, M-1, M-2 and M-3) was prepared to enable participants to understand Schedules L, M-1, M-2 and M-3, learn how to complete these schedules and identify when completion of these schedules is not required. Chapter 6 (Schedule K) focuses on gaining an understanding of Schedule K and identifying separately-stated passthrough items. Chapter 7 (Schedule K-1) highlights Schedule K-1, which is used to allocate items to partners and helps the participant understand basis limitations and the impact of liabilities on basis. Chapter 8 (Completing the Return) was prepared to enable participants to understand how to complete the return for filing and the consolidated audit procedures. Visit the CCH Testing Center Website For More Information, To Purchase and To Enroll.