Partnership Tax Guide
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.
Format
PDF Course
Level
Overview
Duration
2 Hours
Course Information
Author: Steven Bragg
Course Number: TX1029
IRS Program Number: 72821-T-00096-25-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
Latest Review Date: August 2025
Program Registration Requirements: Click on the Enroll button 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.
