Drake Tax 2025
Partnership Training
Learn how to Prepare Partnership Business Tax Return in Drake Tax Software
Details
- Pre-sale access starts Jan 10, 2025 with the 2025 tax software release – get instant access to the 2024 tax year course for free today!
- Hands-On Software Training
- Comprehensive Problem Solving
- Lever: Beginner to Intermediate
$139.99 - Black Friday 30 % Off
What you'll learn
- Prepare PartnershipTax Returns Independently
- Master Drake Tax Software
- Practical, Real-World Experience
- Understand Partnership & Tax Rule
- Ability to Earn Extra Income
- Increase Your Earning Potential
- Comprehensive Learning Path
- Gain Confidence for Independent Work
Course content
Chapter 1: About Partnerships – Theory
- History and importance of Partnership
- Differences between C-Corps, S-Corps, and LLCs
- Advantages and disadvantages of Partnership
- Forms and schedules for Form 1065 (Page 1, Schedules B, K, L, M-1, M-2)
Chapter 2: Drake Tax Software Overview & Simple Tax Return Example
Chapter 3: Practice – Comprehensive Problem
- Entering data from worksheets, prior year returns, and balances
- Schedule L, income statement, retained earnings reconciliation
- Adjustments: depreciation, M-1 entries, meals, officer compensation, capital gains, etc.
- Review, diagnostics, and e-filing
Chapter 4: Do-It-Yourself Comprehensive Problem
- Guided practice with answers and self-check video
Bonus Modules
- Foreign Essentials for Corporate Filings (1.5 hrs)
- Amending 1120 Returns Step-by-Step (2 hrs)
This course includes:
- 19 hours on-demand video
- PRACTICE – Comprehensive Problem; Do-It-Yourself Comprehensive Problem with Answers
- Certificate of completion
Requirements
- This is a comprehensive course. Therefore, no prior knowledge is needed.
- The materials referenced in this course can be found in the beginning lecture. Online. For free.
Description
In this course, you will learn how to prepare Partnership (Form 1065) tax returns using Drake Tax software, from understanding Partnership and related forms to entering data and reconciling schedules. Gain hands-on experience through practical examples, comprehensive problems, and do-it-yourself exercises with step-by-step guidance.
