This certification explores the complete lifecycle of partnership Taxes—from formation to liquidation—through the lens of IRS Form 1065. Key topics include basis adjustments, capital account tracking, and partner distributions. You’ll also review Schedules K-1, K-2, and K-3, and identify critical compliance issues in real-world tax scenarios. By the end of this course, you'll gain a deep understanding of the essential components that drive partnership and LLC tax return accuracy and compliance.
This certification will equip you with actionable skills to confidently prepare and review partnership and LLC tax returns. You'll be able to analyze basis and capital accounts, explain complex scenarios, implement IRS compliance strategies, and identify potential issues in partnership dispositions. Whether you're handling Schedule K-1s or tackling Schedule K-3 compliance, this course builds your capability to manage client filings accurately and efficiently. It’s a practical, career-building course for anyone who works with partnerships or LLCs.
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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