Current Federal Tax Developments

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2022-12-12 Try Two on K-2 and K-3 Instructions

This week we look at:

  • IRS releases second draft of instructions for preparing 2022 Schedules K-2 and K-3 for partnerships and S corporations

  • IRS begins issuing proposed regulations to deal with court losses on method used to add listed transactions not following the Administrative Procedures Act

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2022-12-12 Try Two on K 2 and K 3 Instructions Edward K. Zollars, CPA (Kaplan Financial Education)

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