Schedule K-2 & K-3 Overview FLEXCAST

Overview

As a tax professional, it’s imperative to know how new and existing tax laws will affect your clients and their businesses. This session will plunge deep into the abysmal bomb shell of K-2 & K-3 filing requirements that will likely affect a majority of our Partnership and S Corporations clients. Each Tax Year brings new challenges and 2022 will be no exception. Join us for this fast-paced, must-attend session, where you will receive significant guidance, updates, and handouts making this complicated topic less confusing.

Highlights

Transitional Relief for 2021 {IR-2022-38 Issued 2/16/22}. Who Must File?

Prerequisites

None.

Designed For

CPAs and other tax professionals.

Objectives

Analysis and updates of recent IRS guidance and transitional relief. Describe who does not need to file K-2 & K-3 for tax year 2021. Define who does need to file K-2 & K-3 for tax year 2021. Explain who will need to file K-2 & K-3 for tax year 2022. Analysis of what parts of K-2 & K-3 will need to be filed.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.