Event Detail

New Draft Schedules K-2 & K-3 For Forms 1065, 1120-S & 8865

Description:

This is a 2-hour live video conference (2 CPE credits) led by Kenneth J. Vacovec, Esq., LL.M., who has been a practicing tax attorney for over 45 years.
 
Topics include a discussion of these Schedules newly designed by the IRS to give greater clarity for partners and shareholders in computing the U.S. tax liability with respect to items of international tax relevance. Schedule K-2 is a new attachment that takes the statement information and puts it into specific line items.  Schedule K-3 is a new attachment that takes the Schedule K-2 information and replicates it on Schedule K-3 for the partner to report.  Schedule K-2 of Form 1120S sets forth the international information on the S Corporation return. These new Schedules represent a significant improvement over the international information previously provided in the form of attached statements to prior year Schedule K-1s and will be relevant to all tax return preparers with clients with ownership interests in U.S. or foreign partnerships and S corporations, including hedge funds and other investment partnerships, that have international activities!
 
Zoom Live Video Conference: September 17th, 9-11:15am

Highlights:

Taxes

Objectives:

After completing this program, participants will be better able to prepare new Schedules K-2 and K-3 for Forms 1065, 1120-S and 8865 in 2021.

Prerequisites:

 

Notes:

Boston Tax Institute, Ltd. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org We will be asking polling questions during the conference to verify participation for those needing NASBA certification.

Designed For:

CPA, EA, Attorney, CFP, or other practitioners with 2 or more years of work experience and some familiarity with the subject matter

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