Topics for Partnership Taxation Certification

The following tax certification material is what a tax professional should know to be considered well-learned in partnership tax matters. The tax professional who has successfully attained the following knowledge, we believe, will have demonstrated sufficient competence in partnership taxation.

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In our effort to comply with and support efforts in the improvement of tax professional education and the actual profession, we have created this tax training program for you. This course introduces students to the federal income taxation of partners and partnerships. Partnership taxation disregards the partnership as a business entity and treats the partnership's income as if it were earned by the partners. Upon completion of this partnership taxation course, we will issue you a frame-able professional certificate of completion. Tax professionals who have studied well and who successfully complete this partnership tax course in a diligent manner will be able to prepare tax returns involving partnerships with confidence.

   

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List of Topics                                                                                                                                                     Exams are cumulative.  

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    Topic Name                                                  
     
     
CHAPTER 1 Introduction to Partnership Tax
CHAPTER 2 The Passthrough System
     
CHAPTER 3   Introduction to Partnership
     
CHAPTER 4   Partnership allocations: General Rules
     
CHAPTER 5   Partnership Allocations: Nonrecourse Deduction
     
CHAPTER 6   Partnership Allocations: Special Anti-Income-Shifting Rules
     
CHAPTER 7   Sales of Partnership Interests
     
CHAPTER 8   Property Contributions and Distributions
     

Mid-Term

   
     
CHAPTER 9   Recharacterizing Contributions, Distributions, and Sales
     
CHAPTER 10   Compensating Partners for Services or the Use of Property
CHAPTER 11 Termination of Partnership Interests and Partnerships
     
CHAPTER 12   Preventing Abuse of the Partnership Tax Rules
    Accounting & Business Ethics
     
Final    
     
   

 

Evaluation (Please fill one out).

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Revised: 04/25/14