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Live Webcast Replay

Forms K-2 & K-3: Theoretical & Practical Overview


Total Credits: 1 including 1 Taxes - Technical

Average Rating:
   6
Category:
Partner Produced |  Tax
Faculty:
Alexander M. August CPA, CPA, MBA – Senior Manager-Tax |  Keith Hayden, CPA
Course Levels:
Update
Duration:
1 Hour
License:
Access for 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

Please join us for an overview of the Forms K-2 & K-3 that were largely new for the 2021 tax year. Forms K-2 & K-3 are created at the S Corporation/Partnership level, to report international transactions, and then are used by the individual shareholders/partners for reporting on their personal 1040s. This is vital information for any S Corporation or Partnership tax member and all tax preparers who have 1120Ss, 1065s, and/or 1040s with some level of international component.

Basic Course Information

Learning Objectives
  • Gain an understanding of K-2s & K-3s and know your way around the practical completion of the forms. As time allows, may also cover sourcing rules to determine whether a transaction is domestic-sourced or foreign-sourced.


Major Subjects
  • Form K-2s and K-3s
  • General Discussion Form K-2s and K-3s
  • Practical Implementation on 1065s, 1120Ss, and 1040s Sourcing of transactions (as time allows)

Course Materials

Faculty


Keith Hayden, CPA Related seminars and products


Keith is a senior tax manager at Jansen Valk Thompson Reahm PC, a Certified Public Accounting firm in Kalamazoo that prides itself on technical expertise while providing a relationship-focused work environment for its employees.

Keith has spent the 9 years of his public accounting career in a variety of different areas, including taxation of domestic and international businesses and individuals, auditing & accounting services, payroll taxes, and aiming to be a consistent source of entertainment to his co-workers.

Keith currently specializes in international tax matters for both businesses and individuals, such as entity structure, issues specific to US-Canada cross-border transactions, and the significant changes to the international tax arena in taxation, tax planning, and compliance with the passage of the 2017 Tax Cuts and Jobs Act.

Keith earned both a Bachelor’s Degree and a Master of Accounting degree from the University of Michigan, is a proud Rotarian, is extremely happy that Bell’s Brewery was founded in his hometown of Kalamazoo, and is a big fan of college sports.


Dates

Mon, Jul 11, 2022 - 09:30am to 10:31am EDT
Fri, Aug 26, 2022 - 02:00pm to 03:01pm EDT
Tue, Sep 27, 2022 - 03:30pm to 04:31pm EDT
Fri, Oct 21, 2022 - 04:00pm to 05:01pm EDT
Wed, Nov 16, 2022 - 01:00pm to 02:01pm EST
Fri, Dec 09, 2022 - 11:30am to 12:31pm EST
Sat, Jan 21, 2023 - 10:00am to 11:01am EST
Thu, Feb 16, 2023 - 11:00am to 12:01pm EST
Tue, Mar 07, 2023 - 03:00pm to 04:01pm EST

Additional Info

Basic Course Information

Prerequisites

No explicit prerequisites, but any attendee who has dabbled in K-2s and K-3s since the start of 2022 will have a leg up. It will not hurt to have their own tax software and the Forms K-2 & K-3 available.


Advanced Preparation

None


Designed For

CPAs, EAs with clients with any international tax exposure. Any individual who prepares their own taxes and has international investments may also be interested.


Original Recording Date

06/2022


Yellow Book

No


Course Developer

MICPA


Date Added to Catalog

06/115/2022


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com, (972-377-8199).


Official Registry Statement

Business Professionals' Network, Inc. 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


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.


Reviews

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Overall:      6

Total Reviews: 6

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