MYCPE ONE

Training in Individual 1065 Tax Compliance and Planning

Explore Real-Life Scenarios—Basis, Dispositions, Deductions

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Published on March, 2026
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Multiple

Qualifications 

36

Credits

36 Hours

Learning Duration

$299

Training Program Access

Overview

What You’ll learn

Are you confident filing complex partnership returns? This training equips tax professionals, CPAs, and preparers with hands-on skills to handle Form 1065 filings from formation to liquidation. You’ll explore real-world IRS strategies, analyze basis and QBI issues, and review schedules K-1 through K-3. Build the expertise needed to confidently manage partnership tax compliance.

Get Deeper Understanding of:
  • How IRS strategies shape partnership compliance reviews
  • Differences in partnership formations vs. LLC structures
  • The interplay between capital accounts and profit sharing
  • How partnership dispositions affect final-year tax outcomes
  • Real-time case-based insights into 1065 preparation challenges
Recommended For:
  • CPAs, EAs, and Tax Attorneys seeking deeper proficiency in Form 1065 preparation, Schedule K-1 reporting, basis adjustments, and complex partnership transactions—ideal for professionals operating beyond introductory tax compliance levels.
  • Professionals handling partnership or LLC clients, including tax preparers, consultants, and financial planners looking to sharpen their understanding of partner allocations, and multi-tiered entity compliance.
  • Individuals aiming to build a solid foundation in partnership Taxes and explore the lifecycle of Form 1065 returns—from formation, operations, and distributions to partnership terminations and IRS audits.
Resources included
  • Handout PDFs for every Module.
  • Glossary/Key Terms for every module.
  • Q&A directly with instructors.

Courses

Partnership Tax Essentials and Deep Dive into IRS StrategiesPartnership & LLC - (Form 1065) - Formation to LiquidationPartnership Preparation, Basis Calculations & Distributions–Form 1065 Schedule K & K-1 AnalysisPartnership DispositionsTop 10 Form 1065 IssuesPartnership Tax Compliance Using Schedules K-2 and K-3Best Tax Return Workshop - Partnerships & LLCS (Form 1065)
Course Title Time Credits Learning Format
8 Hours
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 8 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02274-25-S) 8 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02274-25-S) 8 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-01836) 8 CE Approved
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02274-25-S) 8 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 8 CPE Approved
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02274-25-S) 8 CE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-02274-25-S) 8 CE Approved
Taxes for Iowa Licensed Public Accountant (IA-LPA) 8 CPE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 8 CPE Approved
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 8 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02274-25-S) 8 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02274-25-S) 8 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-01836) 8 CE Approved
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02274-25-S) 8 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 8 CPE Approved
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02274-25-S) 8 CE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-02274-25-S) 8 CE Approved
Taxes for Iowa Licensed Public Accountant (IA-LPA) 8 CPE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 8 CPE Approved
On Demand (video)
  • Differentiate default entity classifications under check-the-box rules.
  • Analyze partnership agreements for tax compliance and special allocations.
  • Evaluate contributions, basis, and debt liability impacts.
8 Hours
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 8 CPE Approved
Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-02819-25-S) 8 CE Approved
Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-02819-25-S) 8 CE Approved
Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-02305) 8 CE Approved
Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-02819-25-S) 8 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 8 CPE Approved
Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-02819-25-S) 8 CE Approved
Federal Tax Law Update for LTC (Approval No. GEHNZ-U-02819-25-S) 8 CE Approved
Taxes for Iowa Licensed Public Accountant (IA-LPA) 8 CPE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 8 CPE Approved
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 8 CPE Approved
Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-02819-25-S) 8 CE Approved
Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-02819-25-S) 8 CE Approved
Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-02305) 8 CE Approved
Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-02819-25-S) 8 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 8 CPE Approved
Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-02819-25-S) 8 CE Approved
Federal Tax Law Update for LTC (Approval No. GEHNZ-U-02819-25-S) 8 CE Approved
Taxes for Iowa Licensed Public Accountant (IA-LPA) 8 CPE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 8 CPE Approved
On Demand (video)
  • Discuss partnership formation and the process for electing out of Subchapter K.
  • Analyze the calculation of initial inside tax basis for the partnership and outside tax basis for partners.
  • Explain the implications of not attaching Form 8832 to the tax return.
8 Hours
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 8 CPE Approved
Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-02822-25-S) 8 CE Approved
Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-02822-25-S) 8 CE Approved
Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-02308) 8 CE Approved
Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-02822-25-S) 8 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 8 CPE Approved
Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-02822-25-S) 8 CE Approved
Federal Tax Law Update for LTC (Approval No. GEHNZ-U-02822-25-S) 8 CE Approved
Taxes for Iowa Licensed Public Accountant (IA-LPA) 8 CPE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 8 CPE Approved
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 8 CPE Approved
Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-02822-25-S) 8 CE Approved
Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-02822-25-S) 8 CE Approved
Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-02308) 8 CE Approved
Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-02822-25-S) 8 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 8 CPE Approved
Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-02822-25-S) 8 CE Approved
Federal Tax Law Update for LTC (Approval No. GEHNZ-U-02822-25-S) 8 CE Approved
Taxes for Iowa Licensed Public Accountant (IA-LPA) 8 CPE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 8 CPE Approved
On Demand (video)
  • Know how to form a partnership and calculate the partnership’s initial inside basis in the assets and the partner’s outside basis in the entity.
  • Prepare a basic partnership (Form 1065) Schedule K, including the reporting of cash and non-cash distributions.
  • Analyze the revised guidance on look-back interest and section 179 deductions.
1 Hour
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02124-24-S) 1 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02124-24-S) 1 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-01709) 1 CE Approved
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02124-24-S) 1 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Approved
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02124-24-S) 1 CE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-02124-24-S) 1 CE Approved
Taxes for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 1 CPE Approved
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02124-24-S) 1 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02124-24-S) 1 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-01709) 1 CE Approved
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02124-24-S) 1 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Approved
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02124-24-S) 1 CE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-02124-24-S) 1 CE Approved
Taxes for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 1 CPE Approved
On Demand (video)
  • Analyze outside basis and dispositions in partnerships.
  • Calculate IRC §751 impacts and liquidating distributions.
  • Ensure compliance and accurate return prep for partnership dispositions.
2 Hours
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 2 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02131-24-S) 2 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02131-24-S) 2 CE Approved
California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-01716) 2 CE Approved
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02131-24-S) 2 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Approved
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02131-24-S) 2 CE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-02131-24-S) 2 CE Approved
Taxes for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 2 CPE Approved
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 2 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02131-24-S) 2 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02131-24-S) 2 CE Approved
California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-01716) 2 CE Approved
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02131-24-S) 2 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Approved
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02131-24-S) 2 CE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-02131-24-S) 2 CE Approved
Taxes for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 2 CPE Approved
On Demand (video)
  • Correct entity classification errors and implement sound partnership agreements.
  • Report contributions accurately and manage built-in gains or syndicate tax issues.
  • Navigate liquidating distributions and their tax consequences.
1 Hour
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02245-24-S) 1 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02245-24-S) 1 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-01815) 1 CE Approved
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02245-24-S) 1 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Approved
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02245-24-S) 1 CE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-02245-24-S) 1 CE Approved
Taxes for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 1 CPE Approved
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02245-24-S) 1 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02245-24-S) 1 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-01815) 1 CE Approved
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02245-24-S) 1 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Approved
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02245-24-S) 1 CE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-02245-24-S) 1 CE Approved
Taxes for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 1 CPE Approved
On Demand (video)
  • Prepare Schedules K-2 and K-3 and input partner-specific data.
  • Identify errors in K-3s and address added reporting requirements.
  • Simplify partnership reporting and ensure compliance.
8 Hours
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 8 CPE Approved
Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-03026-26-S) 8 CE Approved
Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-03026-26-S) 8 CE Approved
Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-02507) 8 CE Approved
Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-03026-26-S) 8 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 8 CPE Approved
Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-03026-26-S) 8 CE Approved
Federal Tax Law Update for LTC (Approval No. GEHNZ-U-03026-26-S) 8 CE Approved
Taxes for Iowa Licensed Public Accountant (IA-LPA) 8 CPE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 8 CPE Approved
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 8 CPE Approved
Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-03026-26-S) 8 CE Approved
Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-03026-26-S) 8 CE Approved
Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-02507) 8 CE Approved
Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-03026-26-S) 8 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 8 CPE Approved
Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-03026-26-S) 8 CE Approved
Federal Tax Law Update for LTC (Approval No. GEHNZ-U-03026-26-S) 8 CE Approved
Taxes for Iowa Licensed Public Accountant (IA-LPA) 8 CPE Approved
Taxes for Maine Licensed Public Accountant (ME-LPA) 8 CPE Approved
On Demand (video)
  • Discuss partnership formation and contribution rules under Subchapter K.
  • Analyze accounting period options for partnerships.
  • Recognize common IRS pitfalls in partnership compliance.

* Disclaimer: Before attending any course, please verify that the credit details align with your qualification requirements. This certificate is designed to help you acquire new skills and knowledge, which may or may not fulfill specific compliance criteria. While we have made every effort to ensure our courses adhere to compliance standards, we recommend reviewing the details to confirm applicability for your needs.

Instructors

J.Patrick Garverick

J. Patrick Garverick

Assistant Manager, The Garvs, LLC (dba The Tax U)

Pat Garverick is a Certified Public Accountant who currently lives in the Phoenix, Arizona area. He began his career in public accounting in 1988 after obtaining his Bachelor of Science in Business Administration (BSBA) in Accounting from The Ohio State University. After receiving his Master of Taxation (MT) degree from Arizona State University in 1992, Mr. Garverick began operating his own tax and financial planning business. He also started writing, reviewing, and teaching tax and financial planning continuing professional education courses around the country.

In addition to being a CPA, Pat is also a Certified Financial Planner (CFP®). This role serves to enhance the knowledge he brings as he writes and presents continuing education material. Mr. Garverick is a member of the Arizona Society of Certified Public Accountants and the American Institute of Certified Public Accountants. Pat has presented continuing education sessions throughout the country and has won awards for both his skills as an instructor as well as for the content he has created. His knowledge, expertise, and high energy have made him one of the profession’s most highly rated speakers. He is in a very small group of instructors that are both extremely knowledgeable and interesting.

During his time in college, Pat earned a letter as a member of the Ohio State Basketball squad. He remains a staunch supporter of the sports programs at his alma mater.

Awards & accolades

  • Multi-time winner of the California Education Foundation’s 1) Award for Instructor Excellence and 2) Award for Outstanding Course materials
  • Rated top tax instructor in nearly every location he has presented 
  • One of the few instructors to have received perfect scores (multiple times) from attendees for both presentation skills and knowledge.
More...
Nicholas Preusch

Nicholas Preusch

Certified Public Accountant (CPA), Nicholas Preusch

Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the  AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).

More...

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Frequently Asked Questions

This Training in Individual 1065 Tax Compliance and Planning 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 Training in Individual 1065 Tax Compliance and Planning 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.

The Practical Training Programs is created by qualified and experienced instructors. MYCPE ONE’s Practical Training Programs includes self-study courses, most of which are delivered as on-demand videos. These self-study video courses may be recordings of live presentations converted into on-demand format.

You can complete the Programs at your own pace. There is no limit on the number of exam attempts, so if you do not pass on the first attempt, you may retake the exam without any restrictions.

After completing each Programs within this Practical Training Programs , you can download a certificate showing the course title and number of hours completed. Certificates and study records are stored for life and can be accessed at any time. These certificates serve as valid proof of continuing education credits and may also be used as an additional designation.

Once registered, you will have full access to all courses included in the Practical Training Programs . The self-study format allows you to access materials online 24/7 and study at your own pace.

As per NASBA guidelines, you have one year from the date of purchase to complete each self-study course. After completing the course, you may take the final exam at any time and receive CPE credit instantly. The exam can be retaken multiple times at no additional cost.

Each Programs requires a minimum passing score of 70% on the final exam. Multiple attempts are allowed.

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