Hot topic Webinar: Form K2/K3’s
· Speaker: Darryl Brown, PhD
· CE: 2 IRS/CTEC CE
· Cost: $0/$50
· On-demand: can be purchased separately after event
Path link: https://www.pathlms.com/naea/courses/51700 (LIVE)
Description:
This course will present an introduction to Schedules K-2 and K-3, review the filing requirements, and discuss the different parts of the forms as well as the compliance requirements necessary for the domestic filing instructions. A client letter discussing the new requirements is presented as well.
Learning Objectives
• Identify requirements including domestic filing exceptions for the 2022 tax year.
• Understand how to read and complete Parts II and III for Foreign Tax Credit.
• Understand how to prepare Forms K-2 and K-3.
• Identify clients who qualify for exemption.
• Describe the documenting qualification for the exemption.
• Understand compliance requirements for the exemption.
• Identify the calculated amount of penalty per month per partner for failure to file.
• Identify one of the relief hurdles based on the IRS FAQs.