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What sets us apart from the competition is the breadth and depth of our instructors’ knowledge. Click on any photo below for a brief bio.
2.0 CPE CREDITS
This self-study course builds upon the “Basics of Partnership Taxation” self-study course offered by the University of Illinois Tax School. In particular, this course examines the tax consequences of operational decisions once the partnership has been formed.
The course includes discussions of the effects of a partnership agreement on the entity’s operation and the consequences of capital accounting for it. The course looks at how guaranteed payments may have consequences for partners’ self-employment taxes beyond the obvious. Partnerships have the advantage of enabling special allocations of income and expense that corporations generally cannot, and the consequences of the relevant regulations are discussed in conjunction with examples. This course also provides basic information for counseling clients on making the IRC §754 election.
Published: October 2024
This course involves completing a pretest, watching a video, answering quiz questions throughout, and successfully passing an exam with a score of 70% or better. The course includes a set of PDF materials that accompany the presentation.
CPE: This course offers 2.0 CPE credit and is approved by the IRS and NASBA for CPA credit in all states.
Cost: $50
Expiration: Per IRS guidelines, this course expires on 12/31/2027. Students must complete the course and pass the final exam by the expiration date or 1 year from the time of purchase, whichever comes first.
Access Instructions: Upon purchase, students receive a transaction receipt via email that contains instructions to complete the course, as well as a code that is required to earn credit for the course. Important note: the person purchasing this self-study course must be the same person taking the course and completing the exam. This course performs best utilizing a desktop or laptop computer, not a mobile device.
For questions regarding refunds, registration policies, and resolving concerns, please see our Policies and FAQ.
What sets us apart from the competition is the breadth and depth of our instructors’ knowledge. Click on any photo below for a brief bio.
Learning Objectives: By attending this session, participants will be able to:
CPE Credits (qualifies for IRS): 2.0. Final exam must be passed with a score of 70% or better.
Expiration: Per IRS guidelines, this course expires on 12/31/2027. Students must complete the course and pass the final exam by the expiration date or 1 year from the time of purchase, whichever comes first.
Delivery Method: QAS self-study (online self-study)
Program Level: Overview
Field of Study: Taxes
Prerequisite(s): Professional experience preparing federal tax returns.
Materials: Upon purchase, the transaction receipt that is provided via email will contain instructions to access the course materials.
Advance Preparation: None
Please see the CPE FAQ for more information.
With our self-study courses, you can earn CPE anytime, from any computer or internet-connected device.
