July 7, 2022 12:30pm – 2:20pm Map & Directions 602-252-4144

Webcast: Update on Schedules K-2 and K-3 Issues: How Do Advisers Handle These Forms and Filings?

Online registrations are currently closed, please call (602) 324-6847 for additional registration options

Description

The saga with Schedules K-2 and K-3 continues. Get updated on the developments that have taken place since the IRS posted its initial set of frequently asked questions in February 2022.

Learn about the filing requirements that apply to partnerships and S Corporations, exceptions to the rules, tricky scenarios that tie into Form 1040 preparation and more.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

12:00pm

Fees

Member:
$75
Non-CPA Staff:
$101
Non-CPA Staff (100% club):
$75
Non-CPA Staff (sole proprietor):
$75
Non-Member:
$101
Webcast
Taxation
2

Objectives

 

Course Level

Update

Vendor

Thomas, Zollars & Lynch, Ltd. More With This Vendor

Designed For

 

Prerequisites

Understanding the basics of taxation of individuals, corporations, S corporations and partnerships.

Event Leaders

Zollars, Edward K.

Rating: 4.87


Edward K. Zollars, CPA, is in public practice in Phoenix, Arizona as a partner with the firm of Thomas, Zollars & Lynch, Ltd. He has been in practice for more than 35 years, specializing in tax issues for closely held businesses and individuals.

Zollars has been professionally involved with both tax and technology issues, combining the two disciplines in producing the Current Federal Tax Development Update Podcast and website, dealing with current tax issues. He has been a member of AICPA Tax Division Committees focusing on tax and technology issues and was the Tax Section’s representative on three occasions to the AICPA’s Top Ten Technologies project. He is also a member of the Phoenix Tax Workshop’s Advisory Committee and currently serves on the Tax Legislation Liaison Committee for the Arizona Society of CPAs. Zollars was selected as a Life Member by the Arizona Society of CPAs in May, 2010.

Along with writing, editing and presenting courses for Loscalzo Institute, Zollars has written articles published in Practical Tax Strategies and the Tax Adviser. He has been a frequent contributor to a number of professional tax discussion groups, and served as systems operator on the AICPA’s Accountants Forum in the mid-1990s.

He has spoken regularly on tax and technology topics since 1996, speaking before conferences sponsored by the AICPA and a number of state societies of CPAs.


More With Zollars, Edward K.

Highlights

  • Situations that require a partnership or S Corporation to prepare Schedule K-2 and Schedule K-3.
  • Filing exceptions.
  • How partnerships and S Corporations report foreign income from mutual funds that don’t provide a country-by-country breakdown of the source of income.
  • When individuals can skip preparing Form 1116 in order to claim a foreign tax credit.
  • How the information reported on Sections II and III of Schedule K-3 impact the calculation of the foreign tax credit on Form 1040.

 

Notes

 

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