Current Federal Tax Developments

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2022-01-31 There are K-2s and K-3s in Your Future

This week we look at:

  • IRS revises instructions for Schedule K-2 and K-3 and points taxpayers to fact more may need to file this than might have thought they would

  • IRS stops issuing one (and just one) automated notice, complains about issues blocking doing more

  • AICPA issues statement critical of IRS statement on giving relief, wants all Tax Professionals United for Taxpayer Relief Coalition recommendations adopted

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2022-01-31 There are K-2s and K-3s in Your Future Edward K. Zollars, CPA (Kaplan Financial Education)

A PDF file with articles on this week’s updates can be downloaded below:

2022-01-31 Current Federal Tax Developments