Surgent's Schedules K-2 and K-3: Filing Requirements

Monday, December 30, 2024
Webcast or Webinar, Online
10:00AM - 12:00PM (opens at 9:30 AM) EST
2Credits
Technical Business

Registration is Open

Members
$99.00 Regular Price
Non-Members
$129.00 Regular Price

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/SUKFR290
Level: Basic
Vendor: Surgent
Field of Study: Taxes

Overview:

Many partnerships and S corporations are now required to complete the voluminous Schedules K-2 and K-3 to report foreign-related tax information. Updated for the 2023 tax year, this course is an essential guide for tax preparers on how to identify which entities need to complete these schedules and how to identify which parts are applicable to a given taxpayer. The filing requirements are broad and often not very intuitive, catching many practitioners unaware that more schedules and parts are applicable to more taxpayers than anticipated. This course includes a deep dive into the domestic filing exception, as well as a discussion of filing requirements of each part of Schedule K-2. Please note: Surgent also offers a companion course, "Schedules K-2 and K-3: Preparation of Forms" (KPF2).

Objectives:

  • Understand filing requirements for Schedules K-2 and K-3
  • Identify what parts of Schedules K-2 and K-3 need to be completed

Major Topics:

  • IRS goals in requiring these schedules
  • Detailed discussion of the domestic filing exception for 2023 tax year
  • Filing requirements and exceptions for every part of Schedules K-2 and K-3
  • Examples based on client situations encountered in practice

Major Topics:

  • IRS goals in requiring these schedules
  • Detailed discussion of the domestic filing exception for 2023 tax year
  • Filing requirements and exceptions for every part of Schedules K-2 and K-3
  • Examples based on client situations encountered in practice

Designed For:

Any tax practitioner preparing or reviewing relevant partnership and S corporation tax returns for 2023

Prerequisites:

None