ACTG 266 - Tackling K-1s and Common Tax Deductions/Credits

    Recent Professors
    Pamela U. Lock
    Recent Semesters
    Fall 2026, Fall 2025
    Class Size
    35 students
    Credits
    0.5
    Fall 2026 Sections
    View Fall 2026 sections of ACTG 266
    Transfers To
    CSU
    Description
    This course explores partner distributions, taxable and non-taxable income from partnership Schedule K-1s, differences between Publicly Traded Partnerships and others, limitations on Limited Partners, treatment of Passive Activity Losses, basis, recourse and non-recourse debt. The course will include the review of the foreign tax credit, itemized deductions, and foreign bank reporting requirements under the current tax laws. Students will learn what forms must be filed, when forms are due, where to file the forms, as well as the ethical requirements and civil and criminal penalties that may be assessed for non-compliance. [CPE Hours: CPA 8; EA, CTEC 6]
    Usually Held
    Sat 9:00am–4:50pm