More From the Blog

New Schedule K-2 and K-3 Guidance / Potential Filing Delays

The IRS issued updated instructions in mid-January 2022 for new tax forms K-2 and K-3 applicable to tax year 2021 for S-Corporations and partnerships/LLCs. The Schedule K-2 and K-3 forms expand on the IRS’s objective of more transparency related to a business or individual’s foreign (non-U.S.) income or foreign investments. The updated instructions indicate that […]

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2022 Tax Season

The 2022 Tax Season kicked off on Monday, January 24, 2022. Continue reading to find out what to expect regarding this tax season and what you should do in advance of the looming tax deadline.

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