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Tax-Basis Capital Archives - SkillAbility

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

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