CPA trendlines and AA

Schedules K-2 and K-3 

Blow 2021 Form1120-S and 1065 Out of Orbit 

When and How to Fill Out (Or Not) K-2, K-3 for 99% of Clients

Live Webinar: September 7, 2022
11AM PT, Noon MT, 1PM CT, 2PM ET

2 hours, 2 CPE, 2 IRS CE

Includes handout and video recording

Live Webinar: October 5, 2022
9AM PT, 10AM MT, 11AM CT, Noon ET

2 hours, 2 CPE, 2 IRS CE

Includes handout and video recording

Until Midnight ET Oct. 3, 2022, then $99

Self-Study Course
Recorded on March 22, 2022

Includes Video Recording, Handout, and Exam

2 hour, 2 CPE, 2 IRS CE

Program Description:

In a jolting new move, IRS has made every domestic (U.S.) Form 1120S and 1065 preparer responsible to prepare and file Schedules K-2 and K-3 (re: international) (though 99% of the time not apparently needed) or else do required new due diligence to sidestep filing the forms. This course shows you exactly what to do in response.

Topics:

  1. How new Schedules K-2 and K-3 knock Forms 1120S and 1065 out of orbit and impose stunning new duties on 1120-S and 1065 preparers’ shoulders
  2. How to prepare (or not) K-2 and K-3 for 99% of clients
  3. How IRS’ all new (02/16/22 and 04/11/22) FAQs provide new K-2, K-3 relief (but you still have to do the right things to qualify)
  4. Penalties on both preparers and taxpayers for K-2 and K-3 (and K-1) for failure to report and IRS guidance on avoiding them
  5. How every domestic (and foreign) S Corp and partnership must immediately concern itself with all-new Schedules K-2 (up to 19 pages) and K-3 (up to 20 pages)
  6. Qualifying for and documenting one of five new exceptions for filing K-2 and K-3
  7. Understanding and qualifying for all-new (02/16/22) 2021 K-2, K-3 filing relief if you can, but recognizing and intelligently throwing in the towel when you can’t
  8. Plain-English explanation behind the changes driving K-2 and K-3 and the future
  9. A look at the law behind what makes K-2 and K-3 so messy for 99% of us
  10. Wholly domestic examples (with filled-in forms) of how to complete K-2 and K-3 for 99% of clients
bradleyBurnnett

Presenter: Bradley Burnett

Bradley Burnett, J.D., LL.M., is a practicing Colorado tax attorney with 38 years of tax practice experience.  His practice emphasis is on tax planning and tax controversy resolution.  He also prepares a handful of tax returns.

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.  He has appeared on television answering tax questions for call-in viewers of Denver NBC affiliate KUSA Channel 9.  Brad received the Illinois Society of CPAs Instructor Excellence Award for teaching in Chicago and five times has been the top-rated, most requested instructor for CPA Society annual tax conferences.

Burnett’s seminar style is to deliver the subject matter in briskly paced, enthusiastic and witty fashion.  His forte’ is the candid communication of practical ideas relating to tax law.

RickHost: Rick Telberg

 

  • Founder and CEO CPA Trendlines, Bay Street Group
  • Accounting Today Top 100
  • CPA Practice Advisor Top 25

Sandi Leyva, Accountant's Accelerator Founder PresidentHost: Sandi Leyva

 

  • Founder and President Accountant’s Accelerator, Sandra L Leyva, Inc.
  • CPA Practice Advisor Top 25
  • Most Powerful Women in Accounting

CPE Details

Prerequisites: None

Advanced Preparation: None

Program Level: Update

Delivery Method: Group Internet Based, QAS Self-Study

Field of Study: Taxes

CPE Hours: 2

IRS CE Hours: 2

IRS Program Number:  WVOOK-U-00061-22-O, WVOOK-U-00061-22-S

NASBA

Sandra L. Leyva, Inc. is registered with the National Association of the State Boards of Accountancy (NASBA) as a sponsor of continuing 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. Our NASBA sponsor number is 112525.

Live Webinar: September 7, 2022
11AM PT, Noon MT, 1PM CT, 2PM ET

2 hours, 2 CPE, 2 IRS CE

Includes handout and video recording

Live Webinar: October 5, 2022
9AM PT, 10AM MT, 11AM CT, Noon ET

2 hours, 2 CPE, 2 IRS CE

Includes handout and video recording

Until Midnight ET Oct. 3, 2022, then $99

Self-Study Course
Recorded on March 22, 2022

Includes Video Recording, Handout, and Exam

2 hour, 2 CPE, 2 IRS CE