Understanding the New Forms K-2 and K-3
Wednesday, July 9, 2025
2:30-4:30 p.m. Central
2 CPE (2 technical)
Course code: 25WX-1554
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Schedules K-2 and K-3 are promulgated by the IRS in order to standardize the reporting of foreign-related tax information for pass-through entities. Even pass-through entities that have no foreign activities, investments, or partners may have a reporting requirement. Schedules K-2 and K-3 for reporting partners' income, deductions, and credits from foreign activity are now required for passthrough returns (Form 1065, 1120-S and 8858). This requirement starts with returns with a tax year that ends in 2021. This course discusses each part of these schedules and explain these new reporting obligations in detail.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Major subjects
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Introduction to Schedules K-2 and K-3
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Review the filing requirements
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Discuss the different parts of the schedules and what needs to be included
Learning objectives
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Recognize the purpose of Schedule K-2 and Schedule K-3
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Identify components of each form and the areas which will need to be completed
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Distinguish these new forms that affect partnerships and S Corporations
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Recall when they must be filed
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Determine which taxpayers need to complete these forms
Who should take this program?
- Corporate tax and finance executives, directors, managers and staff, CPAs, Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise individuals or businesses
Pricing
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$89.00
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$89.00
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