This week we look at the IRS's newly issued 2021 Schedule K-2 and K-3 filing relief. How much does the option added in Question 15 of the newly released FAQ on K-2 and K-3 issues really help partnerships and S corporations? Who does and doesn't qualify for this relief? And what about 2022 and future years?

An audio only version of this week’s broadcast can be downloaded or streamed below:

A copy of the slides are available this week for information on this week’s developments:

2021-02-21 Current Federal Tax Developments Slides