Partnership Income Tax (Form 1065)
Learn to enter tax data for a Partnership into tax Form 1065 from a CPA
What you’ll learn
- How to enter tax data for an Partnership into Form 1065
This course currently consists of a comprehensive problem showing the data input process of a Partnership into tax Form 1065.
This course will put together a systematic format of entering data into a Form 1065 that will minimize errors, isolate problems as they happen, and remove the possibility of having to start the process all over again.
We will enter each M-1 adjustment individually into both the tax return and an Excel worksheet so that we fully understand how they work.
We will start by reviewing the data for the comprehensive problem.
Then we will enter the data into an Excel worksheet that will be used to help us organize the information.
We will be using Lacerte Tax software to enter the tax data into Form 1065. However, we will also provide PDF files of the tax forms so learners can enter the data directly into the tax forms as we go. The tax forms can also be found on the IRS website.
The course will demonstrate how to enter the data into the tax forms in stages to reduce potential mistakes and to identify mistakes as they happen so they can be fixed as easily as possible.
Who this course is for:
- Tax professionals
- Business owners considering a Partnership form of business entity
- Tax and accounting students