CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Everything You Need To Know About Partnerships

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Before starting this self study program, please go through the instructional document.

The topic is also scheduled as live webinar on the following dates

Oct 25, 2021 | 10:00 AM EDT Register
Nov 01, 2021 | 11:00 AM EDT Register


  • Check the Box Rules
    3 mins
  • Allocations - Tax Return
    28 mins
  • Contributions - 721
    50 mins
  • General Partner v Limited Partner - Syndicate
    74 mins
  • Reasonable Method
    106 mins
  • Basis in Property
    133 mins
  • IRC 737
    176 mins
  • Optional Basis Adjustments
    221 mins
  • Abandonment and Sale of Partnership Intrest
    256 mins
  • Example Partnership Consequences
    300 mins

Course Description

Creating the partnership agreement and setting up the proper entity/structure for the partnership are the two most important steps in the partnership process. Understanding the mechanics of how your business will be managed is the key to designing your partnership agreement and documenting the terms.

This online CPE course aims to provide tax professionals with a comprehensive understanding of basic and complex partnership taxation issues. You'll be equipped to identify problems and opportunities in transactions involving partnership formation, transactions with partners, basis, partnership distributions, allocations, and other key areas.

This online continuing education course covers all the aspects of partnerships from its formation to liquidation.

This online CPE webinar covers the following key topics-

  • Partnership formation
  • Operations of a partnership
  • Administration issues
  • Income allocations
  • Basis and debt allocations
  • Basis considerations, including inside and outside basis
  • Transactions with owners
  • Distributions
  • Passive activity rules
  • The Section 199A qualified business income deduction
  • Basic adjustments under IRC 754
  • Sale or liquidation of the partnership interest

Click to access more webinars on Latest Tax Updates | Trust and Estate Planning | Accounting & Auditing

Learning Objectives

  • To discuss the basis of partnerships
  • To discuss types of partnership
  • To determine how special allocations work
  • To discuss accounting methods and other operating rules
  • To discuss tax treatment for partnerships

Who Should Attend?

  • Accounting Firm
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA