Intermediate Partnerships Self-Study

Summary

This is a self-study course for those who already have a basic understanding of partnership taxation. We'll cover different types of partnership operations, such as limited partnerships or limited liability companies, and we'll review the form of business that can alter a partner's taxation. We will also review the various elections made at the partnership level that serve as planning tools for preparing returns.

Objectives

Upon completion of this course, you will be able to:

  • Differentiate between the different types of partnerships.
  • Recognize tax basis capital accounts.
  • List the important tax rules regarding special tax allocations.
  • Summarize important rules regarding guaranteed payments.
  • Identify a §754 election.
  • Calculate basis adjustments required by a §754 election.
  • Identify disguised sales.
  • Prepare Form 1065 when one partner leaves a two-partner partnership.
  • Identify limited liability partners for purposes of self-employment tax.
  • Prepare Form 8308.
  • Prepare Form 1065 when a partner terminates an interest.

Course Details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.






   

Presented by:

How to Earn CPE

To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.

The course and exam will expire one year from the date of purchase.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

eweb keepalive image