This session will provide practical guidance for reviewing Form K-1. As part of reviewing the Form K-1, we will discuss common errors on the K-1 and when follow up may be necessary. We will discuss how the information on the K-1s flow into the Form 990-T. Lastly, we will go over an example Qualified Asset Allocation Limitation calculation for a health and welfare plan.
After this sessions, participants will be able to
Identify investments that may lead to UBTI
Determine how to read a Form K-1
Translate information from a Form K-1 to the Form 990-T and related attachments