Self-Study

Reviewing Partnership Tax Returns: What Are You Missing?

---

A thorough review can spot errors that are commonly missed during the preparation of a partnership or LLC return. Course materials are designed to sharpen your reviewer skills by examining case studies and discussing complex LLC and partnership issues often missed by staff tax return preparers. The course's case study-based approach is designed to increase comprehension and retention. Each case includes a narrative and a full 2024 tax return. Learners are encouraged to spot errors made in the returns and potential areas for improvement. Course materials discuss the filing requirements for Schedules K-2 and K-3, including the availability of the domestic filing exception.

Part of Tax Staff Essentials Level 3
This self-study online course is part of Tax Staff Essentials Level 3, a comprehensive learning program that provides senior- and supervisor-level tax professionals with the technical training required to take a leadership role on their teams.

This course can be purchased individually or as part of the Tax Staff Essentials Level 3 bundle.

Major subjects

• Common errors made involving the following:
• Form 1065.
• Schedules K and K-1.
• Schedules M-1 and M-2.
• Calculating recourse and nonrecourse liabilities.
• Partner inside and outside basis.
• Partner's capital account analysis.
• Sections 704(b), 704(c), 721, 722, 732(b), 734(b), 737, 743(b).

Learning objectives

• Identify the mechanics of a partnership's tax return, including partner capital account calculations and permissible tax years.
• Determine the proper allocation of recourse liabilities among partners.
• Analyze the consequences of a new partner joining a partnership.
• Determine depreciation expense among the contributing and noncontributing partners under Section 704(c).
• Determine the value of assets with nonrecourse liabilities.

Who should take this program?

• Partners and managers in CPA firms and experienced CPA staff.

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $179.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

---

Related programs

Oct. 14, 2026 | Surgent's Form 1065 Boot Camp: Step-by-Step Preparation with Completed Forms | Webinar

Oct. 16, 2026 | Schedule K-1: What is it and What Do I Do With it? | Webinar

Oct. 19, 2026 | Schedule K-1: What is it and What Do I Do With it? | Webinar

Oct. 20, 2026 | Surgent's Technical Business Practice Issues and Tax Forms for Experienced Practitioners | Webinar

Oct. 27, 2026 | Surgent's Tax Forms Boot Camp: LLCs, Partnerships and S Corporations | Webinar

---

Related products

Surgent's Form 1065 Boot Camp: Step-by-Step Preparation With Completed Forms | Self-Study (Downloadable PDF)

Surgent's Form 1065 Boot Camp: Step-by-Step Preparation With Completed Forms | Self-Study (On-Demand)

Surgent's Forms 1120-S and 1065 Return Review Boot Camp for New and Experienced Reviewers | Self-Study (Downloadable PDF)

Surgent's Forms 1120-S and 1065 Return Review Boot Camp for New and Experienced Reviewers | Self-Study (On-Demand)

Surgent's Forms 7217 and 7203 | Self-Study (On-Demand)

---