Description:

This book is for preparing 2024 taxes. This course is perfect for tax professionals who want to begin learning how to prepare Form 1065, U.S. Return of Partnership Income. Not only does this course cover the basics of partnership taxation, but it also covers the step-by-step process of completing a partnership return and the accompanying schedules. An example will be utilized throughout the course to illustrate key concepts and the material will include a completed partnership return. 

Topics include:

• Summarizing the advantages and disadvantages of forming a partnership
• Describing the tax consequences of contributing property or services when a partnership is formed
• Explaining how various items are reported on the partnership return and allocated among the partners
• Defining how the different types of partnership debt are allocated among the partners
• Identify partnership items that must be separately stated

Product Details:

Item Number: 24329

Level: Basic

Authors: NATP Staff

Published: 2024

Format: Print - 240 pages

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Corresponding CPE Courses:

Get the e-book FREE when you purchase the corresponding 2024 course