With our sights set to the holiday season and 2022, read our latest on recently published guidance and FAQs covering loan forgiveness procedures, carried interest reporting, and short year returns. Plus, get to know the advantages and use cases of the IRS’ new IP PIN tool, including how you can get yours.
As 2021 draws to a close and we await a possible Christmas Eve present from Congress in the form of the Build Back Better Bill, the IRS has been busy issuing guidance, in various forms, for partnership and S corporation tax compliance.
Beginning January 10, 2022, Identify Protection Personal Identification Numbers (IP PIN) will be available through the Internal Revenue Service’s (IRS) new Get an IP PIN site. Read on to learn more about IP PIN’s and Get an IP PIN’s key benefits and need-to-know details.