This course is designed for those interested to learn the basics of using Form 1065 in filing corporation income tax by putting together a systematic format of entering data into the form that will minimize errors, isolate problems as they happen, and remove the possibility of having to start the process all over again. Read more.
Robert (Bob) Steele CPA, CGMA, M.S. Tax, CPI
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Get Started with All Access PassBuy Only This CourseAbout This Course
Who this course is for:
- Tax professionals
- Business owners considering a Partnership form of business entity
- Tax and accounting students
What you’ll learn:Â
- Inputting tax data for a Partnership into Form 1065 effortlessly
- Efficient usage of tax software for Form 1065 input
- Leveraging Excel for organized data input and tracking for Partnership tax return Form 1065
- Skillfully handling Schedule K adjustments
- Managing M-1 adjustments with precision
- Entering and reviewing data for Form K-1 seamlessly
Requirements:Â
- No prior knowledge is required to take this course
This course offers a step-by-step guide to streamline the process of inputting Partnership data into tax Form 1065, ensuring accuracy and efficiency in partnership taxes. Through a comprehensive problem-solving approach, you’ll learn to navigate tax software effortlessly and utilize Excel for organized data management in partnership income reporting.
Starting with a systematic data input format, you’ll minimize errors, detect issues in real-time, and avoid the need to restart the process. We’ll delve into M-1 adjustments, meticulously entering them into tax returns and Excel worksheets for thorough understanding of partnership business taxes.
The course emphasizes a staged approach to data input, beginning with the balance sheet and proceeding to the income statement, Schedule K, and M-1 adjustments. Each step is carefully reviewed to identify and rectify mistakes promptly, ensuring accurate partnership taxes reporting.
Furthermore, we’ll explore Form K-1s and essential calculations, demonstrating the seamless flow-through process to individual Form 1040 for Partnership owners.
Join us to master Partnership tax returns, enhance your skills, and optimize your tax preparation process!
Our Promise to You
By the end of this course, you will have learned about partnership taxes.
10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.
Get started today and learn more about Form 1065 for partnership income tax preparation.
You might also be interested in the course Income Tax Business Worksheet Using Excel. This course is designed for those interested to learn the basics of accounting entries for business income tax using Excel, how to build an adjusting and tax worksheet from scratch, how to enter tax entries, the benefits of its use, as well as how to reconcile book net income and tax net income in Excel.
Course Curriculum
| Section 1 - Introduction | |||
| Introduction | 00:00:00 | ||
| Downloadable Materials | 00:00:00 | ||
| Section 2 - Comprehensive Problem | |||
| Partnership Comprehensive Problem Part 1 - Review Data | 00:00:00 | ||
| Partnership Comprehensive Problem Part 2 - Excel Worksheet | 00:00:00 | ||
| Partnership Comprehensive Problem Part 3 - Review Tax Return | 00:00:00 | ||
| Partnership Comprehensive Problem Part 4 - Enter Beginning Balances | 00:00:00 | ||
| Partnership Comprehensive Problem Part 5 - Depreciation Schedules | 00:00:00 | ||
| Partnership Comprehensive Problem Part 6 - Balance Sheet | 00:00:00 | ||
| Partnership Comprehensive Problem Part 7 - Income Statement | 00:00:00 | ||
| Partnership Comprehensive Problem Part 8 - Balance The Balance Sheet | 00:00:00 | ||
| Partnership Comprehensive Problem Part 9 - Purchase of Equipment | 00:00:00 | ||
| Partnership Comprehensive Problem Part 10 - M-1 Depreciation | 00:00:00 | ||
| Partnership Comprehensive Problem Part 11 - M-1 Sale of Equipment | 00:00:00 | ||
| Partnership Comprehensive Problem Part 12 - Sch. K Dividend Income | 00:00:00 | ||
| Partnership Comprehensive Problem Part 13 - Sch. K Interest Income | 00:00:00 | ||
| Partnership Comprehensive Problem Part 14 - Sch. D Sale | 00:00:00 | ||
| Partnership Comprehensive Problem Part 15 - Sch. K Contributions | 00:00:00 | ||
| Partnership Comprehensive Problem Part 16 - M-1 Tax Exempt Interest | 00:00:00 | ||
| Partnership Comprehensive Problem Part 17 - M-1 Meals | 00:00:00 | ||
| Partnership Comprehensive Problem Part 18 - COGS | 00:00:00 | ||
| Partnership Comprehensive Problem Part 19 - Sch K-1 | 00:00:00 | ||
| Partnership Comprehensive Problem Part 20 - Diagnostics And Review | 00:00:00 | ||
| Partnership Comprehensive Problem Part 21 K-1 To Form 1040 | 00:00:00 | ||
About This Course
Who this course is for:
- Tax professionals
- Business owners considering a Partnership form of business entity
- Tax and accounting students
What you’ll learn:Â
- Inputting tax data for a Partnership into Form 1065 effortlessly
- Efficient usage of tax software for Form 1065 input
- Leveraging Excel for organized data input and tracking for Partnership tax return Form 1065
- Skillfully handling Schedule K adjustments
- Managing M-1 adjustments with precision
- Entering and reviewing data for Form K-1 seamlessly
Requirements:Â
- No prior knowledge is required to take this course
This course offers a step-by-step guide to streamline the process of inputting Partnership data into tax Form 1065, ensuring accuracy and efficiency in partnership taxes. Through a comprehensive problem-solving approach, you’ll learn to navigate tax software effortlessly and utilize Excel for organized data management in partnership income reporting.
Starting with a systematic data input format, you’ll minimize errors, detect issues in real-time, and avoid the need to restart the process. We’ll delve into M-1 adjustments, meticulously entering them into tax returns and Excel worksheets for thorough understanding of partnership business taxes.
The course emphasizes a staged approach to data input, beginning with the balance sheet and proceeding to the income statement, Schedule K, and M-1 adjustments. Each step is carefully reviewed to identify and rectify mistakes promptly, ensuring accurate partnership taxes reporting.
Furthermore, we’ll explore Form K-1s and essential calculations, demonstrating the seamless flow-through process to individual Form 1040 for Partnership owners.
Join us to master Partnership tax returns, enhance your skills, and optimize your tax preparation process!
Our Promise to You
By the end of this course, you will have learned about partnership taxes.
10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.
Get started today and learn more about Form 1065 for partnership income tax preparation.
You might also be interested in the course Income Tax Business Worksheet Using Excel. This course is designed for those interested to learn the basics of accounting entries for business income tax using Excel, how to build an adjusting and tax worksheet from scratch, how to enter tax entries, the benefits of its use, as well as how to reconcile book net income and tax net income in Excel.
Course Curriculum
| Section 1 - Introduction | |||
| Introduction | 00:00:00 | ||
| Downloadable Materials | 00:00:00 | ||
| Section 2 - Comprehensive Problem | |||
| Partnership Comprehensive Problem Part 1 - Review Data | 00:00:00 | ||
| Partnership Comprehensive Problem Part 2 - Excel Worksheet | 00:00:00 | ||
| Partnership Comprehensive Problem Part 3 - Review Tax Return | 00:00:00 | ||
| Partnership Comprehensive Problem Part 4 - Enter Beginning Balances | 00:00:00 | ||
| Partnership Comprehensive Problem Part 5 - Depreciation Schedules | 00:00:00 | ||
| Partnership Comprehensive Problem Part 6 - Balance Sheet | 00:00:00 | ||
| Partnership Comprehensive Problem Part 7 - Income Statement | 00:00:00 | ||
| Partnership Comprehensive Problem Part 8 - Balance The Balance Sheet | 00:00:00 | ||
| Partnership Comprehensive Problem Part 9 - Purchase of Equipment | 00:00:00 | ||
| Partnership Comprehensive Problem Part 10 - M-1 Depreciation | 00:00:00 | ||
| Partnership Comprehensive Problem Part 11 - M-1 Sale of Equipment | 00:00:00 | ||
| Partnership Comprehensive Problem Part 12 - Sch. K Dividend Income | 00:00:00 | ||
| Partnership Comprehensive Problem Part 13 - Sch. K Interest Income | 00:00:00 | ||
| Partnership Comprehensive Problem Part 14 - Sch. D Sale | 00:00:00 | ||
| Partnership Comprehensive Problem Part 15 - Sch. K Contributions | 00:00:00 | ||
| Partnership Comprehensive Problem Part 16 - M-1 Tax Exempt Interest | 00:00:00 | ||
| Partnership Comprehensive Problem Part 17 - M-1 Meals | 00:00:00 | ||
| Partnership Comprehensive Problem Part 18 - COGS | 00:00:00 | ||
| Partnership Comprehensive Problem Part 19 - Sch K-1 | 00:00:00 | ||
| Partnership Comprehensive Problem Part 20 - Diagnostics And Review | 00:00:00 | ||
| Partnership Comprehensive Problem Part 21 K-1 To Form 1040 | 00:00:00 | ||
Course Review
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Very Helpful & Informative Course
Great course, Bob! I learned SO much! I am not a tax professional, but decided I wanted to learn how to do our own small business taxes (and be sure they’re accurate). In my opinion, the only thing missing from this course is how to handle guaranteed payments to partners in the filing. If you ever decide to add a short course on this, let me know, and I’ll complete it. Thank you!