Compliance

IRS Releases the Final Forms of the New Schedules K-2 and K-3 for Pass-Through Entities

The brand new and final Schedule K-2, ‘Partners’ Distributive Share Items – International’ and Schedule K-3, ‘Partners’ Share of Income,...

The Form 926, ‘Return by a U.S. Transferor of Property to a Foreign Corporation’, is an informational form that is required for certain...

Domestic US taxpayers had their personal return due dates moved from April 15, 2021 to May 17, 2021 to provide relief during the COVID-19...

IRS issues proposed regulations on withholding for foreign investors in qualified opportunity zone funds (NPRM REG-121095-19; Apr. 14,...

Form 8832, ‘Entity Classification Election’ Eligible foreign and domestic entities use the Form 8832 to elect how it will be classified...

Draft 2021 Schedules K2 and K3 Released (IR-2021-98; April 30, 2021) The IRS has released draft Schedules K-2 and K-3 for the Forms 1065,...

The TCJA repealed §958(b)(4) which stated that the ‘downward attribution’ rule of 318(a)(3) was not to be applied so as to consider a US...