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Surgent's Preparing Schedules K-2 and K-3 for the 2022 Tax Year: Critical Updates for Reporting Foreign-Related Tax Information for Partnerships and S Corporations

When
03/09/2023
1:00 PM - 4:00 PM
Location
K2K3-2023-01-WEBNR-68-01

Registration

Member – $149.00
Nonmember – $169.00

Registration is closed

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 2022 tax year, this course is an essential guide for tax preparers on how to tackle the preparation of these forms. The course includes an overview of and introduction to Schedules K-2 and K-3, an in-depth discussion of filing requirements and exceptions, a walk-through of what information is required to be reported in different parts of the schedules, and real-life tips and examples. The course includes three comprehensive case studies on how the form should be completed for operating, real estate rental, and investment partnerships.

Major Topics:

Filing requirements and domestic filing exception for 2022 tax year
How to read and complete Parts II and III for Foreign Tax Credit
Practical tips on how to tackle Parts IV and IX for corporate partners
How to correctly fill out Parts X and XIII for foreign partners
Comprehensive examples for operating, real estate rental, and investment partnerships

Objectives:

Comprehend filing requirements for Schedules K-2 and K-3
Identify and understand what information is required to be reported

Designed for: Any tax practitioner preparing or reviewing relevant partnership and S corporation tax returns for 2022

Level: Basic

Instructor: Renata Stasaityte, CPA

CPE Credits: 3

Area of Study: Taxes (3)

Prerequisite: None

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3100 South Columbia Road
Suite 500
Grand Forks, ND 58201

Contact Us:

(701) 775-7111
or (877) 637-2727
Email: info@ndcpas.org

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