A Deep Dive into K1s From A to Z

Overview

Schedule K-1 reporting has evolved significantly, creating new challenges for tax professionals tasked with delivering accurate and detailed information to partners and shareholders.

This rebroadcast of the 2025 National Tax Conference session provides clarity on the latest requirements for Schedule K-1 issued by partnerships and S corporations.

The session breaks down complex reporting rules and highlights best practices for:

• Disclosing key items
• Ensuring compliance
• Reducing risk

Whether you're navigating intricate allocations or addressing partner-level disclosures, this program equips you with practical insights to handle today’s heightened reporting demands confidently.

Prerequisites

3-4 years in profession

Objectives

• Identify the various types of information reported to a member or shareholder on Schedule K-1.
• Distinguish the effect of information reported on Schedule K-1 on the member/shareholder's Form 1040.
• Determine when a partnership will be required to complete new Schedules K-2 and K-3.

Highlights

• K-1 reporting 
• Tax planning 
• Reporting requirements for Schedule K-1