Understanding Schedule K-1 Using Tax Opportunities Efficiently (2 hours - morning) - Webcast
Overview
This course provides a comprehensive overview of Schedule K-1 reporting for pass-through entities and its impact on individual income tax returns. Attendees will learn how to interpret K-1s, determine basis and loss limitations, and apply recent developments, including 2025-2026 changes to Schedules K-2 and K-3 resulting from IRS guidance and proposed legislation. Whether you’re advising clients on business or investment income, this course gives you the foundation to identify common planning opportunities and compliance issues related to Schedule K-1 reporting.
OSCPA has partnered with the Washington Society of CPAs for this event.
Highlights
Schedule K-1 overview, Basis and loss limitations, Passive vs. active loss rules, QBI deduction, Schedule K-2 and K-3 changes, Planning opportunities, K-1 reporting for partnerships, S corps, and trusts
Prerequisites
A basic understanding of tax reporting and planning
Designed For
CPAs, EAs, attorneys, finance professionals, financial planners, insurance agents, and bankers
Objectives
At the end of this course, you will be able to- Interpret key information from Schedule K-1 forms, Differentiate K-1 reporting from partnerships, S corps, and trusts, Apply basis and loss limitation rules, Determine passive vs. active income for tax reporting, Recognize Qualified Business Income (QBI) implications, Analyze case studies involving complex K-1 scenarios, Interpret changes to Schedule K-2 and Schedule K-3 reporting requirements, Recommend planning strategies based on K-1 entries
Leader(s):
Leader Bios
Arthur Werner, President, Werner-Rocca Seminars LTD
Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner's lecture topic specialties include business, tax, financial and estate planning for high net worth individuals. In addition, Mr. Werner is a former adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University.
Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.
Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 3000 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.
(9/17/20)
Non-Member Price $140.00
Member Price $105.00