Instructor
Edward Zollars
Instructor
Edward K. Zollars, CPA, is an author, CPE instructor with Kaplan Financial Education and a partner in the CPA firm of Thomas, Zollars & Lynch, Ltd. He has 41 years of public practice experience, specializing in closely held business and individual tax issues. Ed has both tax and technology expertise and produces a weekly tax podcast in these areas. He also writes tax development articles that have appeared in various tax publications and is the primary author on the Current Federal Tax Developments website. Ed served on AICPA tax division committees and has spoken at conferences for the AICPA and several state CPA societies.
We are pleased to partner with the Connecticut Society of CPAs to offer this event. CTCPA will be hosting this program on their Zoom platform, you will receive a Zoom registration link in your email confirmation.
On January 18, the IRS posted updates to the instructions for the new Schedules K-2 and K-3 for partnerships and S corporations that pointed out that most entities with no international activities or foreign equity holders will need to provide information via these Schedules unless they obtain information from each equity holder. To make matters worse, the IRS is indicating that it will not be ready to accept these forms electronically until after the original due dates for these returns, with the S corporation version not expected to be available until June.
In this session, we’ll look at the conditions under which these Schedules must be prepared by partnerships and S corporations, as well as steps that can be taken to obtain information from equity holders that may allow the entities to avoid the preparation of the forms.
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