TAX2401. K-2 and K-3 Update

This session will primarily focus on the rules for complying with the Schedules K-2 and K-3 requirements which apply to partnerships with items of international relevance. The speakers will discuss relevant IRS guidance for completing Schedules K-2 and K-3, common reporting issues, and discuss practical examples of challenges that taxpayers may face.

Learning Objectives:

• Recognize when Schedules K-2 and K-3 are required to be completed.
• Identify common reporting issues and relevant IRS guidance for compliance.