A Practical Approach to Quickly Filling Out Forms K-2 and K-3 (Completed)
Date: Friday, February 18, 2022
Instructor: Greg White
| Begin Time: |
12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time |
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Law Updates for OTRPs
1 hour Federal Tax Updates for CTEC |
|
The IRS recently updated filing rules on the requirement for S corporations and partnerships to file Schedules K-2 and K-3. All S corporations and partnerships must either file these forms or qualify for an exemption. Greg will cover how to quickly and efficiently file Forms K-2 and K-3 for 99% of your clients. File Forms K-2 and K-3 now for almost all your partnerships and S corporation clients.
Topics Covered
- How to file the forms today, without slowing down your tax season
- Who qualifies for the exemption from filing these forms and how to document who qualifies
- How to complete the forms with an example that you can use as a template
Learning Objectives
- Recognize how to prepare Forms K-2 and K-3
- Identify clients who qualify for exemption
- Describe the documenting qualification for the exemption
Level
Update
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
Basic tax preparation experience.
Advance Preparation
None
