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.
DESIGNED FOR
This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise individuals or businesses.
BENEFITS
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
HIGHLIGHTS
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
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None