Content Provider
Bradlyburnett logo2

Middlebanner anthem04182024
Self study cpe
Schedules K-2 and K-3: How to Prepare (or not) for 99% of Clients
Taxes

SCHEDULES K-2 AND K-3: HOW TO PREPARE (OR NOT) FOR 99% OF CLIENTS

Register
CPE Processing Fee$30.00
Webinar TranscriptionN/A
Presentation Length Hour(s)2.0 hours
CPE Credits 2.0 hours
Subject Area 2.0 - Taxes (Federal Tax Update)
CE Credits 2.0 hours
Course Id# - HURS9-U-01197-22-S
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateMarch 18, 2022
Date OfferedMarch 24, 2022
Expiration DateMarch 24, 2023
Who Should AttendCPA - small firm
CPA - medium firm
CPA - large firm
Enrolled Agent
Series: Enrolled Agents, Taxes
Course Description

On 1/18/22, the IRS knocked 2021 Forms 1065 and 1120-S out of orbit. In a jolting new move, the IRS has made every domestic U.S. Form 1065 and 1120-S preparer responsible to prepare and file Schedules K-2 and K-3—re: international (though 99% of the time not apparently relevant)—or else do mandatory new due diligence to sidestep it.

Every domestic (and foreign) partnership (and S Corp) must immediately concern itself with all-new Schedules K-2 and K-3. This course shows you exactly what to do in response.

Learning Objectives:


  • Identify how to complete forms K-2 and K-3 for wholly domestic partnerships and S Corps 

  • Determine how to perform due diligence to avoid completing the lengthy (39 pages) Schedules K-2 and K-3

  • Recognize “items of international tax relevance"

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Selfstudytitleslide bradk2
Additional Materials
Handout Materials
Glossary
Review Questions
Review Questions
QUESTION 1: 00:58:00 minutes
QUESTION 2: 00:58:00 minutes
QUESTION 3: 00:58:00 minutes
QUESTION 4: 2:00:46 minutes
QUESTION 5: 2:00:46 minutes
QUESTION 6: 2:00:46 minutes
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

Loading ...

Loading ...
Linkedin

Bradley Burnett

Bradley Burnett Tax Seminars, Ltd.
Tax Attorney, Tax Advisor, Tax Instructor
bradleyburnett10@gmail.com
(720) 936-6003

Bradlyburnett logo2

Bradley Burnett is a practicing Colorado attorney with 33 years of experience working specifically on tax issues. His practice specializes in tax planning and tax controversy resolution. Mr. Burnett has authored and delivered more than 3,000 presentations on U.S. tax law in the U.S. and international jurisdictions.


User-added image

Nasba
Logo qas

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

Bradlyburnett logo2
Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey and Canada. He has authored texts of 35 CPE courses.