Most practitioners deal with Form 1065, U.S. Return of Partnership Income, on a regular basis. This program discusses the basic concepts of partnerships, including the definition of a partnership, how to determine if an entity should be classified as a partnership or a corporation, the various kinds of partnerships, other entities that may choose to be taxed as a partnership, and the requirements necessary to legally form a partnership.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.