New Partnership Reporting of Foreign Items: K-2 and K-3 (Completed)

Date: Friday, January 28, 2022
Instructor: Adnan Islam
Begin Time:  8:00am Pacific Time
9:00am Mountain Time
10:00am Central Time
11:00am Eastern Time
CPE Credit:  1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC

This course will offer a one-hour overview of the new forms K-2 and K-3, which are fairly new and complex Partnership Reporting of Foreign Items. This is an intermediate level international tax reporting course, and will assume that the attendee has knowledge of fundamental U.S. international income tax law and rules.

Please read IRC Sections 951, 951A, 958, and 267 prior to the webinar.

Who Should Attend
Experienced international tax staff through international tax director level interested in or already practicing international taxation.

Topics Covered

  • International tax issues within new Form K-2 and K-3
  • Advance information required to complete Forms K-2 and K-3
  • Some U.S. international tax issues to be reflected upon/within Forms K-2 and K-3

Learning Objectives

  • Identify fundamental international tax issues to be reported on Forms K-2 and K-3
  • Recognize PBC / client information required to complete Forms K-2 and K-3
  • Recognize some Form K-2 and K-3 issues that may have an effect on the client's/taxpayer's current or prospective U.S. income tax status

Level
Overview

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites
None

Advance Preparation
None

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