Who this course is for:

• Tax professionals
• Business owners considering a Partnership form of business entity
• Tax and accounting students

What you’ll learn: 

• 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: 

• 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.