2023 Forms K2, K3 & 1116 Explained -LIVE WEBINAR
Friday, June 09, 2023, 11:00 AM - 1:00 PM CDT
Category: Seminars
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Forms K2, K3 & 1116 Explained-LIVE WEBINAR
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Date
June 9th 11am to 1pm
Seminar Rates
Members:
$135 $160 After May 26th
Non Members:
$145 $170 After May 26th
Deadline to Register: June 7th
Location:
LIVE WEBINAR
You'll participate from your home or office
CPE - 2 Credits Tax
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Forms K2, K3 & 1116 Explained Live Webinar
Speaker: Mark Mirsky
This is a LIVE WEBINAR, not an in person seminar.
New Forms K-2 (19 pages) and K-3 (20 pages) came out of nowhere in 2021 with late season filing requirements followed by a later season filing waiver. For 2022, the government changed the requirements for who is exempt from filing the form for 2022. It appears that many Forms 1065 and 1120S who thought they were exempt from filing will likely require a completed K-2 for the entity and allocated K-3's for every flow-through owner. The requirement to file these new forms is directly related to the foreign tax credit individual Form 1116 as well as other foreign requirements. However, we will provide clear guidance on the foreign tax credit rules of Form 1116 to understand the inter-relationship with new Schedule K-2 information, and then we will provide in-depth guidance through the preparation of the new Schedules K-2 and K-3.
At the conclusion of this class the student will be able to apply reporting requirements to prepare new Schedules K-2 and K-3 and will be able to apply the form preparation knowledge to Foreign Tax Credit Form 116.
Click Here To Register
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Contact: Jolynn McIntosh [email protected] 800-237-4080, 608-325-5250
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