The IRS is offering Schedule K-2 and K-3 exemptions for certain partnerships and S-Corps. Our coverage will help you figure out if you qualify. Plus, get the latest on the ERC, pandemic inventory relief and IRS automated notices as relevant tax laws and guidance continue to evolve.
The IRS Changes Its Mind, Sort Of: Schedule K-2/K-3 Requirements Revised Yet Again
In our February 11 issue of This Week In Tax, we told you that your business tax return just got 39 pages longer. Well, sometimes the tax world changes faster than Clark Kent in a phone booth and it can be hard to keep up.
Since We Last Wrote: Tax News Updates
On The Daily Show they say, “When news breaks, we fix it.” We like to follow suit. Since Congress is off for the next week for Presidents Day (no apostrophe please), we thought this would be a good time to provide updates on some of our recent subjects.