What you’ll learn
- How to enter tax data for an Partnership into Form 1065
- How to use tax software to input a Form 1065
- How to use an Excel worksheet to support tax data input for a Partnership tax return Form 1065
- How to enter and track Schedule K adjustments
- How to enter and track M-1 adjustments
- How to enter and review data for Form K-1
This course includes:
- 4 hours on-demand video
- 1 article
- 1 downloadable resource
- Access on mobile and TV
- Full lifetime access
- Certificate of completion
Description
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.
We will start the data input with the balance sheet.
Then we will enter the income statement as it is formatted in the adjusted trial balance.
Next, we will systematically go through Schedule K and M-1 adjustments. We will isolate these adjustments, reviewing them on the tax forms, in the software, and using our Excel worksheet.
We will then review the tax forms.
Next, we will review the Form K-1s and basic calculations.
The course will demonstrate the exporting of the K-1 Form to the individual Form 1040 for an owner of the Partnership, showing the flow through process.
Who this course is for:
- Tax professionals
- Business owners considering a Partnership form of business entity
- Tax and accounting students
How to Get this course FREE?
Get a 100% Discount On Udemy courses by clicking on the Apply Here Button. This Course coupon code is automatically added to the Apply Here Button.
Apply this Coupon: BAA29ABDAA0EE2F2061D is applied  (For 100% Discount)
For Latest Udemy Courses Coupon, Join Our Official Free Telegram Group :https://t.me/freecourseforall
Note: The udemy Courses Will be free for a Maximum of 1000 Learners can use the promo code AND Get this course for 100% Free. After that, you will get this course at a discounted price.
Important Notice and Disclaimer:- CareerBoostZone platform is a free Job Sharing platform for all the Job seekers. We don’t charge any cost and service fee for any job which is posted on our website, neither we have authorized anyone to do the same. Most of the jobs posted over Seekajob are taken from the career pages of the organizations. Jobseekers/Applicants are advised to check all the details when they apply for the job to avoid any inconvenience.
[…] Click here to apply […]