Schedule K-2 & K-3 for Tax Year 2022 Form 1065 & Form 1120-S 
10:00 AM to 12:00 PM
Cost: Member: $30 / Non-Member: $60
Wednesday, December 21, 2022

Speaker: Jane Ryder, EA, CPA
2 Federal Law hours (Topics covering existing tax law)
IRS: 18QC1-T-01768-22-O
CTEC: 1000-CE-5190
Knowledge Level: Basic (No prior knowledge expected)

Location:

Online Meeting via Zoom
This will be Zoom Meeting. Once you register and pay, the Zoom link will be provided in your confirmation email for you to log in at the designated meeting time. Zoom does require registration before entering the meeting.

Description: 

IRS instructions for Schedules K-2 and K-3 changed substantially for 2022 including introducing new exceptions to filing. And detailing strong penalties for failure to file these schedules. Unfortunately, the new exceptions aren’t quite as tax practitioner friendly as hoped for. We’ll review and analyze these new exceptions, providing alternatives such as filing basic Schedules K-2 and K-3 and the related tax software entries for domestic partnerships with little or no foreign activity.

· Learn the latest IRS 2022 compliance instructions for Schedules K-2 & K-3.
· Review practical analysis related to the timing and other challenges of using and relying on the new K-2 & K-3 exceptions.
· Understand additional tax practitioner compliance exposure and added client correspondence burdens related to implementing processes for the new K-2 & K-3 exceptions.
· Develop effective proforma entries for preparing and filing Schedules K-2 and K-3 for domestic partnerships with little or no foreign activity to leverage your tax software and save time.

Presenter:

Jane Ryder, EA, CPA
Jane Ryder, EA, CPA has been providing tax preparation, accounting services, and tax collection resolution services since 1980. She runs her San Diego CPA firm and writes and speaks on many income tax, business compliance and accounting topics. Jane has a business centric practice, preparing and consulting on tax, accounting, and compliance matters for Corporations, S-corporations, LLC’s, Partnerships, and Trusts. She also specializes in IRS and state agencies collection problems, payment plans, audit representation, audit appeals, offers in compromise, and other compliance related issues. She earned a BS in Business Administration (Accounting) from SDSU and is currently licensed with the California State Board of Accountancy and admitted to practice before the the Internal Revenue Service as an Enrolled Agent.

Cancellation and Refund Policy for Meeting Purchase:
Written webinar cancellations will be accepted up to three (3) business days before the course begins for a full refund. Please email your request to [email protected]. No refunds will be given if cancellation notice is received later than three (3) business days before the course begins, or for no-show registrants.

This presentation has been designed to meet the requirements of the Return Preparer Office, the California State Board of Accountancy; and the California Tax Education Council including code 31 of Federal Regulations10.6 (g). This does not constitute an endorsement by these groups. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA. 95812- 2890, or phone CTEC at (877) 850-2832, or on the Internet at www.ctec.org.