Announcement from the IRS (Feb. 16):
- IRS provides further details on additional relief for certain partnerships preparing schedules K-2 and K-3 for 2021
- FAQs Schedules K-2 and K-3 (Forms 1065, 1120S and 8865)
Attend webinar on February 22 or February 24, 2022 (1-3 p.m. Eastern)
Surgent's Preparing Schedules K-2 and K-3: Critical Tax Season Update for Reporting Foreign-Related Tax Information for Partnerships & S-Corporation (Includes IRS update from Feb. 16)
Click here to register.
The AICPA’s Tax Practice & Ethics Team has developed IRS Schedules K-2 and K-3 resources, including:
- Schedules K-2 and K-3 guidance and resources (resource hub that is open to everyone): Access resources to advise clients on Schedules K-2 and K-3, which are used to report items of international tax relevance from the operations of pass-through entities.
- Schedules K-2 and K-3 Client Information Letter (available to AICPA members): Notify your clients about the new reporting forms and advise them to contact you with questions.