Partnership Tax Guide (CPE Course)
Related Courses
CPE Credit: 2 hours
Course Type: Downloaded PDF materials with online test
Price (with PDF Textbook): $25
Course Description
The tax law related to partnerships is complex. The Partnership Tax Guide course provides clarity by clearly stating the essential rules relating to the creation, operation, and liquidation of partnerships. Key topics covered include basic partnership concepts, basis, the sale of partnership interests, partnership terminations, partnership income and expenses, disguised sales, and anti-abuse rules. In short, this course presents a compact discussion of the essential issues related to partnership taxation.
Author: Steven Bragg
Course Number: TX1029
IRS Program Number: 72821-T-00065-23-S
Learning Objectives
Recognize the requirements for the partners in a partnership.
Identify the tax rules pertaining to contributions to a partnership.
Specify how the economic substance doctrine applies to partnerships.
Recognize the tax implications of the various types of basis in a partnership.
State the tax outcomes associated with the sale of a partnership interest.
Specify the partnership elections that can impact the reported amount of taxable income.
Identify the tax issues pertaining to the expenses that a partnership may recognize.
Recognize the circumstances in which the revaluation of partnership assets would be appropriate.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Taxes
Prerequisites: None
Advance Preparation: None
Program Registration Requirements: Click on "Purchase Course" near the top of this page to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.
AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.
AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.