Navigating the new Schedules K-2 and K-3

COURSE DESCRIPTION

This course introduces the new Schedule K-2 and Schedule K-3 that may be required for Partnerships and S Corporation returns. The IRS has provided conflicting guidance regarding the preparation and requirements of this form, this course hopes to clarify the filing requirements with updated guidance. Additionally, this course will discuss all eleven (11) parts of the form.

Learning Objectives:

After reading the course material, you will be able to:

• Outline Schedule K-2 for Partnerships and S Corporations
• Describe the filing requirements and penalty relief
• Explain the recent guidance provided by the IRS
• Highlight changes to Schedule K-2 and Schedule K-3

Who Should Attend:

• All Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships: