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U.S. Partnerships with Foreign Partners: Withholdings and forms K-2/K-3

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Description

U.S. Partnerships with Foreign Partners: Withholdings and forms K-2/K-3
IRS Program #:
X9QQU-T-01087-23-O
CTEC #: 6257-CE-0253
CE: 1 IRS & 1 CTEC credit
Speaker: Sara Eddie

Some U.S. investments made by nonresidents are via a multi-member LLC. For example, foreign investment in U.S. real estate is commonly done using a U.S. partnership. A multimember LLC is treated as a partnership for federal U.S. tax purposes. Partnerships with foreign partners carry various complex filing withholding and filing obligations. This course will discuss and review the withholding obligations of a partnership with foreign partners. Additionally, the presentation will cover the scenarios where new K-2 and K-3 must be provided by the partnership.

Learning Objectives:
After attending the session, the participant will be able to:

  • Determine withholding obligations of partnerships with foreign clients.
  • Identify scenarios that require filing forms K-2 & K-3.
  • Detect common exceptions to K-2 & K-3.

Contributors

  • Sarah Eddie

    A Big 4 tax accountant for years – Sarah focused a lot on UK and US tax, mentoring, team leadership, process improvement, corporate and social responsibility and training others.

    Sarah wanted to spend more time with my young family while continuing to do what shelove most by reaching people on a personal level.

    Being an American expat and woman with a corporate career then multiple businesses, she fully understands the range of difficulties and burdens we face.

    Your business is your passion, it should not become a burden.

    Sarah loves working with SMEs and Companies achieve the following:

    • Stay compliant with tax and accounting needs in the UK and USA.
    • Support the leaders of your company to develop and empower female staff.
    • Mentor female business owners and non-exec female employees level up in business or their career.
    • By providing business support through US and UK tax and accounting, a structured mentor plan and exclusive access to the Women’s Business Club for you and your employees the sky really is the limit.

June 12, 2024
Wed 12:00 PM EDT

Duration 2H 0M

This live web event has ended.