Kathryn Keane, EA



Kathryn M. Keane, EA, NTPI Fellow is the principal tax professional at Macanta Corporation, a small family owned tax and related services practice located in Brooklyn, NY, serving over 1015 individual clients and 86 businesses, along with many non-profits. Kathryn served two three-year terms on the National Board of Directors of NATP. Kathryn is the first ever three (3) time winner of NATP's Chapter Person of the Year for 2014, 2008 and for 2002 recognizing her volunteer service to the community at large as well as to NATP. In addition to serving on the Board and Education Committee of the NY Chapter of NATP, she currently serves as Chair of the IRS Tri-boro Practitioner Liaison Committee. Kathryn is a frequent speaker at many NATP Chapter events.  She has presented at VASEA as well as Brooklyn/Queens Chapter of NYSSEA.  Kathryn currently serves the Ladies Ancient Order of Hibernians as an officer in her Division and County.  Kathryn is a member of the National Society of Accountants, National Association of Enrolled Agents, as well as the Better Business Bureau of NYC. Kathryn has a B.S. degree from Brooklyn College.

 Instructor's Courses



On-Demand WebinarK-1s for 1065 and 1120-S On-Demand Webinar<h3>Summary</h3> <p>Taxpayers who are in a partnership or members of LLCs (taxed as partnerships) require special attention. When preparing their returns, you must know the accompanying forms. The most common one for this instance is a Schedule K-1 (Form 1065). In this course, you’ll learn to properly report the information provided to a partner, available deductions and whether various elections are made by the partner or partnership.</p> <p>Individuals who are shareholders in an S corporation also receive an accompanying form to their return – a Schedule K-1 (1120S). This form reports the taxpayer’s share of the corporation’s income, deductions, credits, etc. In this course, you will learn how to report the basic information from this schedule on your individual client’s return and limitations that might apply before you can report certain items such as losses and distributions.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Calculate the shareholder’s basis in the S corporation.</li> <li>Determine how much of a pass-through loss is deductible after applying the basis, at-risk, and passive activity limitations.</li> <li>Analyze the shareholder’s tax effects when receiving distributions from an S corporation.</li> <li>Correctly report various pass-through items from Schedule K-1 on Form 1040, including unique items, such as the sale of property when §179 was deducted.</li> <li>Determine the partner’s basis, at-risk, and passive limitations.</li> <li>Identify the elections made at the partner level (versus the ones made at the partnership level).</li> <li>Describe the various items reported on Schedule K-1.</li> <li>Correctly report Schedule K-1 information on the partner’s return.</li> <li>Report items on the partner’s return that are associated with the partnership interest but not reported on Schedule K-1.</li> </ul> <h3>Course Details</h3> This course includes: <ul> <li>E-book</li> <li>Online workshop recording with review questions</li> <li>Exam questions</li> <li> CPE is issued after exam is successfully completed.</li> </ul>2018-08-01T04:00:00Z2019-12-31T05:00:00ZNone2018-08-21T04:00:00Z0N/AODW1841Basic8Federal Tax Law Topic2018-08-21T04:00:00ZQAS Self StudyPremium: $0 | Professional: $224 | Basic: $284 | Nonmember: $2998Federal Tax Law Topic88TaxesNoneKathryn Keane, EAhttps://www.natptax.com/EventsAndEducation/About/Pages/KathrynKeane%2cEA%2cABA.aspxFederal Tax Law Topic8 CPE for AFSP, EA, CPA, CRTPon-demand webinar20182019-12-31T05:00:00Z
On-Demand WebinarNavigating New Forms After Tax Reform On-Demand Webinar<h3>Summary</h3> <p>Changes from the <i>Tax Cuts and Jobs Act</i> rocked the world of tax preparation, and these changes have left tax preparers feeling somewhat adrift with being able to properly advise their clients.</p> <p>This online workshop will compare and contrast 2017 tax forms and 2018 tax forms using a variety of case studies, which will help you more accurately prepare your clients’ 2018 returns. In addition, we’ll review several of the major changes impacting taxpayers, including the suspension of the miscellaneous itemized deduction subject to 2% AGI limitations, the changes to the child tax credit and the addition of the other dependent credit. Finally, we’ll review new due diligence filing requirements for the head of household status.</p> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Compare and contrast 2017 and 2018 tax return changes.</li> <li>Identify the suspended miscellaneous itemized deductions.</li> <li>Recognize the change to the CTC.</li> <li>Summarize the requirements for the ODC.</li> <li>Describe changes affecting the entertainment deduction.</li> <li>Summarize the HOH due diligence requirements.</li> </ul> <h3>Course Details</h3> <p>This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Attendee Top Questions. CPE is issued after exam is successfully completed.</p>2018-12-27T05:00:00Z2020-12-31T05:00:00ZNone2019-01-03T05:00:00Z0N/AODW1904Update4Federal Tax Law Update2019-01-30T05:00:00ZQAS Self StudyPremium: $0 | Professional: $112 | Basic: $142 | Nonmember: $1494Federal Tax Law Update44TaxesBasic knowledge of federal income taxKathryn Keane, EAhttps://www.natptax.com/EventsAndEducation/About/Pages/KathrynKeane%2cEA%2cABA.aspxFederal Tax Law Update4 CPE for AFSP, EA, CPA, CRTPon-demand webinar20192020-12-31T05:00:00Z
On-Demand WebinarTax Reform Due Diligence Requirements On-Demand Webinar<h3>Summary</h3> <p>As a tax professional practicing in 2019, due diligence requirements are incredibly important to follow. We’re covering the four requirements and how they apply to the earned income tax credit, child tax credit/additional child tax credit/other dependent credit, American opportunity tax credit and Head of Household filing status. Failure to comply results in a preparer penalty of $520 per credit.</p> <iframe src="https://fast.wistia.net/embed/iframe/yn02nr0uo1" title="Due Diligence Questions Video" allowtransparency="true" frameborder="0" scrolling="no" class="wistia_embed" name="wistia_embed" allowfullscreen mozallowfullscreen webkitallowfullscreen oallowfullscreen msallowfullscreen width="640" height="360"></iframe> <script src="https://fast.wistia.net/assets/external/E-v1.js" async></script> <h3>Objectives</h3> <p>Upon completion of this course, you will be able to: <ul> <li>Outline the requirements for due diligence.</li> <li>Perform due diligence for clients claiming the Earned Income Credit.</li> <li>Perform due diligence for clients claiming the Child Tax Credit/Additional Child Tax Credit/Other Dependent Credit.</li> <li>Perform due diligence for clients claiming the American Opportunity Credit.</li> <li>Perform due diligence for clients filing using the Head of Household filing status.</li> <li>Identify taxpayer and preparer penalties for failure to perform due diligence.</li> </ul> <h3>Course Details</h3> This course includes: <p>This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Attendee Top Questions. CPE is issued after exam is successfully completed.</p>2018-12-18T05:00:00Z2020-12-31T05:00:00ZNone2019-01-03T05:00:00Z0N/ABPEODW1901Basic2Ethics2019-01-24T05:00:00ZQAS Self StudyPremium: $0 | Professional: $0 | Basic: $0 | Nonmember: $802Ethics22Regulatory EthicsNoneKathryn Keane, EAhttps://www.natptax.com/EventsAndEducation/About/Pages/KathrynKeane%2cEA%2cABA.aspxEthics2 CPE for AFSP, EA, CPA, CRTPon-demand webinar20192020-12-31T05:00:00Z

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