Many partnerships and S corporations are now required to complete the voluminous Schedules K-2 and K-3 to report foreign-related tax information. Updated for the 2025 tax year, this course is an essential guide for tax preparers on how to tackle the preparation of these forms.
DESIGNED FOR
Any tax practitioner preparing or reviewing relevant partnership and S corporation tax returns
BENEFITS
- Identify and understand what information is required to be reported on Schedules K-2 and K-3
HIGHLIGHTS
- How to read and complete Parts II and III for Foreign Tax Credit
- Understand attachment requirements in Part I
- Practical tips on how to tackle Parts IV and IX for corporate partners
- How to correctly fill out Part X for foreign partners
- Comprehensive examples for operating, real estate rental, and investment partnerships with filled-in sample forms
PREREQUISITES
None
ADVANCE PREPARATION
None