80. Walking Through the K-2, K-3 Issues of Forms 1065, and 1120-S | Webinar
- Course Description
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.
- Learning Objectives
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.
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Your certificate will be emailed to you within 10 business days of the completion of the course.
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