2022 International Quarterly Tax Update (Summer) (Completed)

Date: Friday, August 12, 2022
Instructor: Patrick McCormick
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC

This session provides up-to-date information on recent developments in the international tax context, including timely information on Schedules K-2 and K-3 and foreign tax credit updates. Information on Corporate Transparency Act provisions will also be included.

Topics Covered

  • Current International Income Reporting Developments
  • Current Information Form Developments
  • Schedules K-2 and K-3 — Reporting Developments and 2022 Penalty Exemption Updates
  • Corporate Transparency Act Updates
  • Cryptocurrency and NFTs — International Tax/Information Reporting Updates

Learning Objectives

  • Identify the latest developments in the international tax context
  • Recognize the requirements for Schedules K-2 and K-3 and penalty relief safe harbors for the current tax year
  • Describe how information reporting requirements apply in the current international tax context

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
A basic understanding of internationl tax preparation.

Advance Preparation
None

 Chat — Books Support