Audience

Vertex Income Tax International users

Description

This course focuses on completing Form 8865 - Controlled Foreign Partnership (CFP), along with Schedule K-1s. This course reviews best practices and process steps to complete this form and the automation and sourcing of the CFP rollup of ownership information for U.S. CFC, and 10/50 owners.

Agenda includes:

• Hands on software demonstration

Learning Objectives

Upon completion of this course, you will be able to:

• Process the steps to automate Form 8865
• Understand how TDC assignments flow information to either Schedule B or Schedule K
• Automate the calculation of CFP partner allocations
• Understand how the system creates E&P or M-1 adjustments for line items on the Schedule K
• Utilize the CFP reports during your compliance process
• Distinguish between Schedule B and Schedule K accounts
• Complete Form 8865
• Understand data roll up to partners
• Review relevant reports

Requirements

You must be an employee of an active Vertex customer or Vertex partner company and have

• At least 1 year of experience using Vertex Income Tax International