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K-2/K-3 Update for 2022 Returns (D0-E2301594)

116 Minutes
On demand - Video

On Demand - Video


If you missed the NJCPA’s K-2/K-3 update, you can watch a replay. The content is accurate as of the original date presented, Dec. 15, 2022. There is no CPE for this on-demand replay.


CPAs who work with partnerships and S corporations


This course will enable participants to advise clients on steps they should take to minimize costs incurred due to Schedules K-2 and K-3 for tax year 2022.


  • Revised IRS instructions and guidance for the preparation of Schedules K-2 and K-3 for 2022 income tax returns
  • Update on the status of the IRS domestic partnership exception notice requirement found in the initial draft Form 1065 Schedule K-2 and K-3 instructions
  • Requirements for a partnership to use the Form 1116 exception, including status of the notice receipt requirement
  • What is found on the Schedules and which parts may have to be completed
  • How to determine if a partner qualifies for the exception to filing a Form 1116 to compute the limitation on the foreign tax credit








Edward Zollars

Edward K. Zollars, CPA

Tax and Technology Partner

Thomas Zollars & Lynch, Ltd.

Ed is a partner with the firm of Thomas, Zollars & Lynch, Ltd, in Phoenix, Arizona, and specializes in tax issues for closely held businesses and individuals. He has served on committees with the American Institute of CPAs' (AICPA) Tax Section and currently serves on the Arizona Society of CPAs' (ASCPA) legislative tax liaison committee. Ed has published tax podcasts on tax matters and is currently producing the weekly audio and video for the Current Federal Tax Developments podcast on current tax matters for Kaplan Financial Education and the related blog with regular tax updates throughout the week. Along with writing, editing and presenting courses for the past 15 years, Ed has written articles published in Practical Tax Strategies and The Tax Adviser. He is a frequent contributor to a number of online professional tax discussion groups, including the NJCPA Member Open Forum.


$29.00 - Member

$79.00 - Nonmember


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