The course covers the setup and preparation of partnership tax returns, focusing on critical areas such as ownership reporting, income and deductions, balance sheets (Schedules L and M), capital accounts, and filing amended returns. Special attention is given to Drake-specific screens for data entry and e-filing.
This course is ideal for tax professionals, CPAs, enrolled agents, and consultants who prepare partnership tax returns, work with Drake Software, or wish to enhance their skills in handling IRS-compliant filings.
This course emphasizes practical learning through real-life case studies and hands-on examples. It breaks down complex tax concepts into manageable steps for easy application. Learners can directly apply the skills in their day-to-day business tax scenarios.
Participants gain access to comprehensive learning materials, including detailed course modules, real-life case studies, and interactive quizzes. It covers fundamental business tax topics and strategies for tax planning. Access to downloadable resources and expert insights is also included.
The instructor is a seasoned professional in partnership taxation, bringing extensive experience in preparing and reviewing 1065 Forms for businesses of varying sizes. His expertise includes navigating IRS guidelines, mastering data input accuracy, and leveraging Drake Tax software for efficient partnership return preparation. Known for their hands-on teaching style, the instructor ensures participants gain a practical understanding of complex tax forms and compliance requirements.
Upon completing the 1065 Filing Process with Drake: Streamline Partnership Tax Prep participants can explore roles such as partnership tax preparer, small business tax consultant, tax software specialist, and CPA with a focus on partnership returns. Additional opportunities include becoming an enrolled agent specializing in business taxes, a tax compliance analyst, or a freelance tax consultant offering services to partnerships. The skills gained can also pave the way for roles in accounting firms or corporate tax departments.
