Webcast
Basic
CPE Credits
1 Credits: Taxes
Course Description
This course presents the latest tax developments for filing partnership Schedules K-2 and K-3. IRS compliance instructions for Schedules K-2 and K-3 have changed substantially for the 2022 tax year including introducing two new exceptions to filing Schedules K-2 and K-3. Unfortunately, these new exceptions aren’t quite as tax practitioner friendly as we had hoped. And there is no transition relief from filing which we were able to leverage for tax year 2021. We’ll review and analyze these new exceptions and provide alternatives such as preparing and filing basic Schedules K-2 and K-3 and related entries for domestic partnerships or LLCs with little or no foreign activity.
Learning Objectives
Upon completing this course, participants will be able to:
- Learn the latest IRS 2022 compliance instructions for Schedules K-2 & K-3;
- Review practical analysis related to the timing and other challenges of using and relying on the new K-2 & K-3 exceptions;
- Understand additional tax practitioner compliance exposure and added client correspondence burdens related to implementing processes for the new K-2 & K-3 exceptions; and
- Develop effective proforma entries for preparing and filing Schedules K-2 and K-3 for domestic partnerships with little or no foreign activity to leverage your tax software and save time.
Course Specifics
|
Course ID WC1822305514 |
Revision Date November 1, 2022 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02262-22-O
IRS Federal Tax Law Credits: 1
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02262-22-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1839
CTEC Federal Tax Law Credits: 1
CTEC Course Number: 2071-CE-1839
CTEC Federal Tax Law Credits: 1
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
Jane Ryder, EA, CPA is the owner of Brass Tax Ryder Professional Group, Inc., a full service tax and accounting firm. Brass Tax (not affiliated with Brass Tax Presentations) has been providing tax and accounting services since 1980. Jane received a BS in Business Administration (Accounting) from SDSU and is currently licensed with the California State Board of Accountancy and with the Internal Revenue Service as an Enrolled Agent. Brass Tax is a business centric practice, preparing and consulting on the preparation of Corporations, S-corporations, LLC’s, Partnerships, and Trusts. She also specializes in IRS and state agencies collection problems, payment …
2022 Partnership K-2 & K-3 Exceptions and Basic Filing Domestic Partnership: Little or No Foreign Activity
$49.00
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
Webcast
Basic
CPE Credits
1 Credits: Taxes
Course Description
This course presents the latest tax developments for filing partnership Schedules K-2 and K-3. IRS compliance instructions for Schedules K-2 and K-3 have changed substantially for the 2022 tax year including introducing two new exceptions to filing Schedules K-2 and K-3. Unfortunately, these new exceptions aren’t quite as tax practitioner friendly as we had hoped. And there is no transition relief from filing which we were able to leverage for tax year 2021. We’ll review and analyze these new exceptions and provide alternatives such as preparing and filing basic Schedules K-2 and K-3 and related entries for domestic partnerships or LLCs with little or no foreign activity.
Learning Objectives
Upon completing this course, participants will be able to:
- Learn the latest IRS 2022 compliance instructions for Schedules K-2 & K-3;
- Review practical analysis related to the timing and other challenges of using and relying on the new K-2 & K-3 exceptions;
- Understand additional tax practitioner compliance exposure and added client correspondence burdens related to implementing processes for the new K-2 & K-3 exceptions; and
- Develop effective proforma entries for preparing and filing Schedules K-2 and K-3 for domestic partnerships with little or no foreign activity to leverage your tax software and save time.
Course Specifics
|
Course ID WC1822305514 |
Revision Date November 1, 2022 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02262-22-O
IRS Federal Tax Law Credits: 1
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02262-22-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1839
CTEC Federal Tax Law Credits: 1
CTEC Course Number: 2071-CE-1839
CTEC Federal Tax Law Credits: 1
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
Jane Ryder, EA, CPA is the owner of Brass Tax Ryder Professional Group, Inc., a full service tax and accounting firm. Brass Tax (not affiliated with Brass Tax Presentations) has been providing tax and accounting services since 1980. Jane received a BS in Business Administration (Accounting) from SDSU and is currently licensed with the California State Board of Accountancy and with the Internal Revenue Service as an Enrolled Agent. Brass Tax is a business centric practice, preparing and consulting on the preparation of Corporations, S-corporations, LLC’s, Partnerships, and Trusts. She also specializes in IRS and state agencies collection problems, payment …
2022 Partnership K-2 & K-3 Exceptions and Basic Filing Domestic Partnership: Little or No Foreign Activity
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
$49.00