Understanding the New Forms K-2 and K-3
Date/Time
1/8/2025
12:30 PM - 2:30 PM Central
12:30 PM - 2:30 PM Central
Course Registration
Credits
2 Credits
Event Type(s)
Webinars
Event Description
Schedules K-2 and K-3 are promulgated by the IRS in order to standardize the reporting of foreign-related tax information for pass-through entities. Even pass-through entities that have no foreign activities, investments, or partners may have a reporting requirement. Schedules K-2 and K-3 for reporting partners' income, deductions, and credits from foreign activity are now required for passthrough returns (Form 1065, 1120-S and 8858). This requirement starts with returns with a tax year that ends in 2021. This course discusses each part of these schedules and explain these new reporting obligations in detail. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Objectives:
After attending this presentation, you will be able to...
Recognize the purpose of Schedule K-2 and Schedule K-3
Identify components of each form and the areas which will need to be completed
Distinguish these new forms that affect partnerships and S Corporations
Recall when they must be filed
Determine which taxpayers need to complete these forms
Instructor:
Allison M. McLeod, LL.M., CPA
Fields of Study:
Taxes
Major Topics:
Objectives:
After attending this presentation, you will be able to...
Recognize the purpose of Schedule K-2 and Schedule K-3
Identify components of each form and the areas which will need to be completed
Distinguish these new forms that affect partnerships and S Corporations
Recall when they must be filed
Determine which taxpayers need to complete these forms
Instructor:
Allison M. McLeod, LL.M., CPA
Fields of Study:
Taxes
Major Topics:
The major topics covered in this class include:
- Introduction to Schedules K-2 and K-3
- Review the filing requirements
- Discuss the different parts of the schedules and what needs to be included
Location
Webinar
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| 1/8/2025 |    |
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