Speaker: Jaye Tritz
CE: 1 IRS/CTEC
Price: Free for Members | $50 Nonmembers

A Schedule K-1 from a pass-through entity, such as an S-corporation or Partnership, can be confusing, if not overwhelming, for a preparer who is not familiar with preparing business returns. A large amount of information is presented on a single page, which can significantly impact the client’s return. Accurate input of that information is essential to minimize tax liabilities and correctly report the information given. This seminar will provide an overview of the Schedule K-1, where to report things on the individual return, and how to interpret the entries on the schedule as they relate to the client’s situation.

Learning Objectives:

• Better understand the information provided on the typical Schedule K-1 from an S-corporation or a Partnership.
• Know where to expect the entries to show up on the client’s Form 1040.
• Explain the significance of the other information provided on the Schedule K-1.

Register