New Schedules K-2 and K-3 coming for the 2021 Tax Year

  • Manufacturing
  • 10/27/2021

In an effort to replace, supplement and clarify the current foreign reporting structure and to increase taxpayer compliance with the international tax provisions of ...

In an effort to replace, supplement and clarify the current foreign reporting structure and to increase taxpayer compliance with the international tax provisions of the Internal Revenue Code, the IRS has introduced Schedules K-2, Distributive Share Items – International, and K-3, Share of Income, Deductions, Credits, etc. – International, for partnerships and S corporations for 2021.

Please click the link below to read the below article by Carey M. Heyman, Managing Principal, Real Estate CLA

New Schedules K-2 and K-3 Coming for the 2021 Tax Year | CLA (CliftonLarsonAllen) (claconnect.com)

This blog contains general information and does not constitute the rendering of legal, accounting, investment, tax, or other professional services. Consult with your advisors regarding the applicability of this content to your specific circumstances.

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