Reporting Foreign Activity in PTEs (When and How to Complete K-2 & K-3 Forms)

$60 – Members (with member discount code)
$75 – Non-Members
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PROGRAM DESCRIPTION: Reporting Foreign Activity in PTEs (When and How to Complete K-2 & K-3 Forms)
IRS Program: QSRNU-T-00606-23-O
This presentation will focus on the completion and filing of the K-2 and K-3 forms now required in some situations when filing tax returns for pass through entities (like S-Corps and Partnerships), including why the forms are now required, how to complete the forms, when to file them and for which companies/individuals you must complete the forms, as well as how these new forms may impact shareholder or partner personal returns.

Learning Objectives:
- Know when the K-2 and/or K-3 are required
- Know when the K-2 and K-3 are not required, and when you should file them anyway.
- Know the way to allocate income, expenses, credits, etc on the K-2 and how that
information passes through to the K-3
- Know the repercussions for failing to file the K-2 and K3 when required

Prerequisites: Basic knowledge of federal taxation in the U.S. as it applies to pass through entities like S-Corporations and Partnerships.
Program Level: Intermediate/Advanced


ABOUT THE PRESENTER
Patrick Knightly, EA is a tax professional with over twenty years of tax and accounting experience. He has extensive experience in private and public sector accounting, and has also served as the Chief Financial Officer of a non-profit charity. Patrick is currently a Senior Accountant at My Tax Pilot in Henrico County, where he spends most of his time working on tax returns for small businesses, small business owners, estates, and trusts, and on accounting projects. Patrick lives in Richmond, VA, has a dog named Jojo, and is a die-hard Hokie fan.

REFUND POLICY
Refunds will be honored if written notification is received at the Administrative Office within 5 business days of the webinar. A processing fee of $25 will be deducted from the refund. Cancellations within 5 business days of the webinar will not be accepted. Substitutions are allowed if received 48-hours prior to the start of the webinar. "No shows" forfeit their fees.

CANCELLATION
VASEA reserves the right to cancel any program or course for circumstances that are not under direct control of VASEA. If a course or program is cancelled, registrants will be notified via email at the address listed on their registration form.

COMPLAINT RESOLUTION
For more information regarding refund, cancellation and complaint policies, please contact VASEA Administrator, Heather Greenwell at admin@vasea.org or call (804) 723-5888.

Virginia Society of Enrolled Agents 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.

Questions
Contact Heather Greenwell, CAE, VASEA Administrator, at (804) 723-5888.