Walking Through the K-2, K-3 Issues of Forms 1065, and 1120-S
RegisterMember Price:
$39
Non-Member Price:
$59
Your Course Price: 59.00
CE Credits
2
Advanced Preparation
None
Course Level
Intermediate
Prerequisite
None
Course Instructor
Nina Tross MBA, EA
Date
Thursday, October 10, 2024
Time
10:00am -
12:00pm PT
11:00am - 01:00pm MT
12:00pm - 02:00pm CT
01:00pm - 03:00pm ET
11:00am - 01:00pm MT
12:00pm - 02:00pm CT
01:00pm - 03:00pm ET
IRS CE
2
NASBA CPE
2
CTEC Credits
2
Schedule
December 4, 2023,
- 12:15 pm - 2:15 pm Pacific Time Zone
- 1:15 pm - 3:15 pm Mountain Time Zone
- 2:15 pm - 4:15 pm Central Time Zone
- 3:15 pm - 5:15 pm Eastern Time Zone
Starting with tax year 2021, all partnerships, S Corporations and filers of Form 8865, will be required to include the new Schedules K-2 and K-3 with their returns if they have items of “international tax relevance”.
This course will cover the requirements for filing the schedules, who is required to file the schedules, how they supplement the existing Schedule K-1, and the impact on partners and shareholders.
We will walk through the two schedules key areas to be completed and cover instructions for partners and shareholders.At the end of this course, the participants will:
- understand the purpose of Schedule K-2 ”Partners’ Distributive Share Items-International”; and Schedule K-3, “Partners share of Income, Deductions, Credits, etc.-International”,
- know the definition of items of “international relevance”,
- be able to distinguish between the two schedules and know when to include then with the tax returns, and
- determine when the schedules are required even for a domestic partnership or S-corp with no foreign activities.
Course Prefix
80
