This certification course offers in-depth, practical training on preparing and filing Form 1065 using Drake Software. It starts with the foundational elements of partnership taxation, including entity structure, filing requirements, and IRS compliance expectations. Learners are guided through the full return lifecycle—from setting up a 1065 in Drake to entering income, deductions, and cost of goods sold (COGS). The course covers detailed instructions on completing critical schedules such as B, B1, L, M, K, and K-1, with emphasis on accuracy in partner contributions, allocations, and balance sheet reporting. Each module is designed to strengthen your ability to handle real-world partnership tax scenarios confidently and efficiently.
This certification is ideal for tax professionals who want to expand their expertise in partnership taxation while gaining hands-on experience with one of the industry’s leading tax software platforms—Drake. Whether you're a CPA, EA, CRTP, or aspiring preparer, this course will enhance your technical proficiency in preparing Form 1065 returns, completing partner-level reporting, and handling complex schedules with ease. You'll improve your ability to identify red flags, correct errors, and stay compliant with IRS guidelines. The program equips you to manage returns for small businesses, real estate partnerships, and entities with multiple partners.
1. Complete the entire video 100%.
2. Answer all the review questions correctly. The review questions are at the bottom of the same page where you are viewing the course video.
3. Once you have watched the whole video and answered all the review questions, the Final Quiz will open up. You need to score more than 70% in the Final Quiz to avail your CPE credit. Multiple attempts are allowed for submitting Review and Final Quiz questions.
4. Once you have completed the Review and Final quiz questions, you shall be able to download the credit certificate from the ‘My Certificates’ section. Kindly ensure you have allowed Multiple File download from your web browser to download all certificates.
5. You can download individual certificate from your "Account" as well as from this page once you complete a particular courses. Also, you can download "Consolidated Certificate" from the package page or from your account.
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