The final course in this series addresses special situations and planning related to Form 1065. It covers both current and liquidation distributions, reviewing the distinctions between them and how they should be treated in the reporting process. The tax implications related to the sale or dissolution of a partnership are also detailed, as well as the impact that retirement or death has on partnership agreements and the tax ramifications of those events. Each section in the course begins with an alert of new changes for the year and then provides an overview of the schedule being discussed. Examples illustrate how the related Internal Revenue Code rules apply, and practice pointers, pitfalls and recent developments, with the cases and rulings are noted. Visit the CCH Learning Center Website For More Information, To Purchase and To Enroll.