EA Exam Prep Part 2: Form 1065 Sample (Currently Unavailable)
Author: Eva Rosenberg
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law for CTEC |
This is the eleventh class of the EA Exam Prep Part 2 series. : In this course, TaxMama® guides you through the preparation of a partnership return, Form 1065, and provides tips and suggestions for each section. Evaluate the sample information to determine what, if anything, is missing, check the data for discrepancies, identify which tax forms to use, and more.
Publication Date: August 2019
Topics Covered
- How to analyze client information
- Guaranteed payments
- Cost of Goods Sold
- Qualified Business Income Deduction
- Retirement plans
- Depreciation
- Business expenses
- Business income
- Form 1065
- Schedule B
- Schedule K
- Schedule K-1
- Schedule K-1 accompanying letter
- Schedule L
- Schedules M-1 and M-2
- Partnership representative
- Self-employment income
Learning Objectives
- Recognize how to evaluate client information for missing information
- Recognize how to determine if client information is accurate according to various criteria
- Identify information that belongs on the partner's Form 1040
- Identify how to complete Form 1065
- Identify and complete supporting schedules for Form 1065
- Recognize how to complete schedules M-1 and M-2
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
