Partnership Tax Accounting Assessment

  • $10.00


The Partnership Tax Accounting assessment covers accounting, tax, and strategic issues in partnerships. Specific topical areas include distributing partnership income, amortization, guaranteed payments, and filing partnership returns. The assessment is appropriate for those applying for positions as a partnership tax accountant. The questions vary between basic, intermediate, and advanced levels.

Assessments for Corporate Tax Accounting, Cost Accounting, and Business Income Tax are also available.

Number of questions 44
Test format Multiple-Choice
Time to complete Varies by skill
Topics covered Filing
Guaranteed Payment, Losses, and Gains
Income Tax and Tax Year
Partnership
Tasks tested Accident and Health Insurance Premiums
Allocating Income and Deductions
Amortizing Organization Fees
Assessing Penalties
Basis of Partner's Interest
Categorizing a Partnership
Choosing Fiscal Year
Claiming Depreciation
Classifying LLC and Partnerships
Classifying Partnerships
Conducting an Investing Partnership
Decreasing Partner's Basis
Deducting a Disallowed Loss
Deducting Insurance Premiums
Determining Tax Year
Distributing Partnership Income
Distributing Shares of Income
Filing a Partnership Return
Filing Bad Debts
Guaranteed Payment
Guaranteed Payments
Knowing Filing Requirements
Liquidating a Partnership
Losses Allowed or Disallowed
Making Guaranteed Payment to a Partner
Making Special Allocations
Making Use of Filing Extensions
Modifying a Partnership Agreement
Organization and Syndication Fees
Partner Share of Loss
Passive Activity Rules
Paying Insolvent Debts
Payments Resulting in Loss
Qualifying Start-Up Expenses
Sales at Gain
Separately Treated Items
Special Amortization Provision
Substantial Economic Effect
Taking Advantage of Deferral
Tax Year
Treating Partner as a Stranger
Viewing a Partnership as a Separate Entity
Withdrawing from a Partnership
Supported languages ๐Ÿ‡บ๐Ÿ‡ธ English (en_US)