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Partnerships: Calculation, Character and Presentation of income

Taxes

Partnerships: Calculation, Character and Presentation of income

Course 33053C · 2 hrs · CPA & EA

Understanding how income retains its character as it flows through a partnership is essential for accurate tax reporting and client planning. This course examines how different types of income, gain, loss, and deduction are characterized at the partnership level and what that means for individual partners. LLC-specific rules and comparisons to S corporation treatment are highlighted throughout, giving you a well-rounded perspective on how entity choice can affect the nature of income your clients ultimately report.

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  • Hours: 2
  • Exam questions: 10
  • Eligible for: CPA & EA
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NASBA Area: Taxes

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Partnerships: Calculation, Character and Presentation of income
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About Pacific CPE

Pacific CPE is a NASBA-approved and IRS-approved provider of online self-study continuing professional education (CPE) for CPAs, Enrolled Agents (EAs), and other tax professionals.

Who We Serve:

CPAs — CPE credit for state license renewal (NASBA Sponsor #143718).

Enrolled Agents, AFSP participants, and other PTIN holders — IRS continuing education credit (IRS CE Provider #TJTMJ).

Courses and Formats:

We currently offer 125 active self-study courses in Auditing, Business, Ethics, and Taxes. Each course is 2 credit hours and can be read online or downloaded as a PDF, with audio versions available for select courses. Exams are taken online with instant grading, retakes are free, and completion certificates are available immediately in your account.

Pricing:

Pay-as-you-go credit packs — no subscription required. Packs range from $64.50 (16 credits) to $224.50 (80 credits), which works out to $2.81–$4.03 per credit hour, or roughly $5.62–$8.06 per 2-hour course at pack rates. Credits never expire and can be used on any course in the library.

IRS Credit Reporting:

All courses completed with a passing score are automatically reported to the IRS as long as you have provided your PTIN number to us. Courses are reported every business day, but please note that the IRS may take up to 48 hours to post recently reported credits in your PTIN account online.

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If you are not completely satisfied with your courses, for any reason, you may request a full refund at any time within 45 days of your purchase.

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📞 (800) 787-5313

✉️ Support@PacificCPE.com

Monday–Friday, 7:00am–4:00pm PT

License Information:

NASBA Sponsor ID: 143718

IRS CE Provider ID: TJTMJ

Website: https://pacificcpe.com
Frequently Asked Questions

No, your credits will never expire. You can use your credits anytime to select and complete any course in our library.