2022 International Quarterly Tax Update (Summer) (Completed)

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