Understanding the New Forms K-2 and K-3 25-26

Virtual

Understanding the New Forms K-2 and K-3 25-26

Date: Dec. 29, 2025

Time: 10 a.m. – 12 p.m. PT

CPE: 2

Overview

Schedules K-2 and K-3 for reporting partners' income, deductions, and credits from foreign activity are now required for passthrough returns (Form 1065, 1120-S and 8858). This requirement starts with returns with a tax year that ends in 2021. This course will discuss each part of these schedules and explain these new reporting obligation in detail. **Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Product Code
1000004265-134206
Credit Type
CPE: 2
CPE-Technical: 2
Intended Audience
This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise individuals or businesses. All in-house and public practice professionals involved with tax compliance and who want up-to-date information on partnership and S corporation taxation.
NASBA Field of Study
Taxes
Level of Difficulty
Basic
Prerequisites
None
Advance Preparation
None.

Learning Objectives

Understand the purpose of Schedule K-2 and Schedule K-3

Review components of each form and the areas which will need to be completed

Learn about these new forms that affect partnerships and S Corporations

Find out when they must be filed

Determine which taxpayers need to complete these forms

Major Subjects

Purpose of K-2s and K-3s
IRS Guidance for Preparers and Taxpayers
Domestic Filing Exception
Other Considerations

Additional Details

This prerecorded broadcast is provided through our partnership with ACPEN. For this course, you will be redirected to a CalCPA/ACPEN learning portal. The Instructor will be available via the chat feature.