Schedule K-1 Archives - SkillAbility

CPA staff accountants preparing a review-ready Form 1041 fiduciary return using the governing instrument, fiduciary accounting records, DNI, Schedule B, beneficiary distributions, K-1s, and entity tax workpapers

24 Aug

Fiduciary Income Tax Training for Staff Accountants: Build Form 1041 and K-1 Competence

Accounting Workforce Development / Tax Advisory

By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 24, 2026 | 35-minute read TL;DR — The Short Answer Fiduciary income tax training should teach staff to determine who is taxed on each dollar of income—not simply populate Form 1041 and copy numbers to Schedule

CPA firm staff preparing a review-ready Form 1065 using partnership agreements, tax-basis capital, outside basis, liabilities, allocations, distributions, K-1s, and section 754 workpapers

17 Aug

Partnership Tax Training for Staff Accountants: Build 1065 and K-1 Competence Before Review

Accounting Workforce Development / Tax Advisory

By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 17, 2026 | 55-minute read TL;DR — The Short Answer Partnership tax training should teach staff accountants to see Form 1065 as a legal-economic allocation system—not as a larger version of an S corporation return. A

CPA firm staff preparing a review-ready Form 1120-S using S election records, shareholder wages, basis, distributions, K-1s, Schedule M-2, and tax workpapers

17 Aug

S Corporation Tax Training for Staff Accountants: Build Review-Ready 1120S Preparers

Accounting Workforce Development / Tax Advisory

By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 17, 2026 | 52-minute read TL;DR — The Short Answer S corporation tax training should teach staff accountants to prepare the return as a connected shareholder-and-entity system—not as a sequence of software input screens. A review-ready

Schedule K-1 Archives - SkillAbility

Fiduciary Income Tax Training for Staff Accountants: Build Form 1041 and K-1 Competence

Partnership Tax Training for Staff Accountants: Build 1065 and K-1 Competence Before Review

S Corporation Tax Training for Staff Accountants: Build Review-Ready 1120S Preparers

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