Tag Archives: Schedules K-2 & K-3

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

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

Posted in IRS | Tagged , | Comments Off on IRS: On Third Thought, Let’s Grant “Relief” That Isn’t

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

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

Posted in IRS | Tagged , | Comments Off on IRS: “You Know That New K-2/K-3 Requirement: Well, We Had Second Thoughts.”

The K-2/K-3 Kerfuffle

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

Posted in International, IRS | Tagged | Comments Off on The K-2/K-3 Kerfuffle