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)