Tag Archives: Schedules K-2 & K-3

IRS: On Third Thought, Let’s Grant “Relief” That Isn’t

Posted on February 17, 2022 by Russ

Yesterday, I wrote a post stating the IRS was giving relief on the new Schedules K-2 and K-3.  I did that because I believed what the IRS wrote.  The IRS stated: Coming relief from certain Schedule K-2 and K-3 reporting: … Continue reading →

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IRS: “You Know That New K-2/K-3 Requirement: Well, We Had Second Thoughts.”

Posted on February 16, 2022 by Russ

UPDATE: Make sure you read the post of February 17, 2022 on this issue. Every so often the IRS actually listens to the tax professional community.  Tax professionals were unanimous in stating that requiring a domestic partnership with no foreign … Continue reading →

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The K-2/K-3 Kerfuffle

Posted on February 5, 2022 by Russ

The IRS announced a year ago that there would be two new forms for partnerships and S-Corporations with international income and/or partners: Schedules K-2 and K-3 (links are to the partnership versions of these forms).  Most tax professionals would have … Continue reading →

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