Walking Through the K-2, K-3 Issues of Forms 1065, and 1120-S

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Member Price:
$39
Non-Member Price:
$59
Your Course Price:
CE Credits
2
Advanced Preparation
None
Course Level
Intermediate
Prerequisite
None
Course Instructor
Nina Tross MBA, EA
Delivery Method
Webinar
Date
Thursday, June 5, 2025
Time
IRS CE
2
NASBA CPE
2
CTEC Credits
2
Course image default
Schedule
  • 10:00 - 12:00 PM Pacific Time Zones
  • 11:00 - 1:00 PM Mountain Time Zones
  • 12:00 - 2:00 PM Central Time Zones
  • 1:00 - 3:00 PM Eastern Time Zones

Important: Your webinar access link will come from webinar.host@bigmarker.com.

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:

  1. understand the purpose of Schedule K-2 ”Partners’ Distributive Share Items-International”; and Schedule K-3, “Partners share of Income, Deductions, Credits, etc.-International”,
  2. know the definition of items of “international relevance”,
  3. be able to distinguish between the two schedules and know when to include then with the tax returns, and
  4. determine when the schedules are required even for a domestic partnership or S-corp with no foreign activities.

Official Registry Statement:

The National Society of Tax Professionals is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CTEC Disclosure Statement:

The National Society of Tax Professionals has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual "continuing education" requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org. 

Disclaimer:

Group Internet Based courses are interactive audio-visual presentation courses led by an NSTP Instructor. These courses include a pre-recorded session and may also include PowerPoints slides, a PDF textbook or both. 

Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual's reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials and during the seminar presentation before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any particular device, technique or suggestion before recommending the same to a client or implementing the same on a client's or on his or her own behalf.

Administration Policies: 

Registration 

  • Effective upon registration confirmation, the following applies: Due to the proprietary nature of NSTP course materials, all webinar and live-streaming course purchases are non-refundable, non-cancelable, and may not be transferred to another NSTP course.
  • Executive Members who register and do not attend, will be charged the full course price.
  • It is essential for each participant to register using their own name and email address; logging in with a different email may result in no CE credits being reported.
  • Each link is unique to the registered email address and will not function if forwarded to another email.

Attendance Monitoring For CE

Group Internet Based courses use a popup tool to monitor attendance. According to guidelines, you need to respond to at least three popups per hour to qualify for continuing education credits. We have included several additional pop ups throughout the course to ensure that all participants have the opportunity to earn the full CE credits. CE credits cannot be earned by participating in the course via phone only.

Other Administration 

  • Once registrations are finalized, a link will be sent to the registrant's email address via BigMarker. Don't see your link? Check your spam and junk folders before contacting NSTP.

Cancellation

NSTP reserves the right to cancel any program or course for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.

More Information

For more information regarding refund, cancellation and complaint policies, please contact our office at 800-367-8130.

 

Contact Info

  •   8513 NE Hazel Dell Ave Suite 204
            Vancouver, WA 98665
  •   1 (800) 367-8130
  •   (360) 695-8309
  •   (360) 695-7115
  •   taxes@nstp.org

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