Fundamentals of Preparing Form 1065 - Partnerships

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The rules for partnerships are complex and taxpayers and practitioners must plan carefully to avoid potential pitfalls, both for the partnership and for the individual partners. Partnerships must report income and expenses annually on Form 1065 and related forms. This course provides an overview of Form 1065 and the rules for partnerships.

Last Revision: December 2023

$32.00
  

Prerequisites

Prerequisites are not necessary to participate in this course and no advance preparation is needed.

Course Description

The rules for partnerships are complex and taxpayers and practitioners must plan carefully to avoid potential pitfalls, both for the partnership and for the individual partners. Partnerships must report income and expenses annually on Form 1065 and related forms. This course provides an overview of Form 1065 and the rules for partnerships.

After completing this course, you will be able to:

  • Define what a partnership is and the types of partnerships.
  • State the requirements for forming, maintaining, and dissolving a partnership.
  • Accurately complete Form 1065.
  • Identify the rules for how income should be reported and what deductions are permitted.

 

This course is also available as part of a bundle called “Taking Care of Business.” You can save money by purchasing the bundle.

CPE Facts

Affiliation* CPE Awarded Delivery Method Field of Study Course ID Sponsor ID
NASBA 2 Self-Study Taxes N/A 103137
CTEC 2/0 Self-Study Federal Tax Law 3038-CE-0316 3038
IRS 2 Self-Study Federal Tax Law FQTGU-T-00629-23-S FQTGU
Texas State Board of Accountancy 2 Self-Study Taxes 100441 002921
Pennsylvania State Board of Public Accountancy 1 Self-Study (Non-Interactive) Taxes N/A

* Individuals with other professional credentials should check with their state licensing board or accrediting organization to determine if this program meets their continuing education requirements.

Other Details
Last Revision December 2023
Course Expiration The CPE portion of this course expires one year from date of purchase
DrakeCPE Course Policies and CPE Affiliations