Partnerships and S corporations that will have to report “international tax matters” in 2022 can now review the new draft releases for Schedules K-2 and K-3. The IRS today announced the early release drafts, noting that instructions would follow sometime in the summer.… Read more about New Draft Schedules K-2 and K-3 Announced by IRS (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
The Internal Revenue Service has kept taxpayers’ mailboxes busy for months now, sending out notices to taxpayers about the various Economic Impact Payments that have been issued.… Read more about Navigating Notices About Economic Impact Payments (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
This tax season, like so many before, a lot of filers could use a little extra time to get the job done.… Read more about These Taxpayers Don’t Have to Do Anything to Get an Extension (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
The Internal Revenue Service has released guidance that hikes interest rates and other inflation-adjusted items due to changes driven by the American Rescue Plan Act of 2021 (ARPA).… Read more about IRS Issues Guidance for American Rescue Plan Changes to the CTC, EITC, and APT (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
The early bird gets the worm.We’re taught that punctuality and working ahead leads to success. While generally holding true, there are obviously some exceptions—like when Congress passes retroactive… Read more about IRS Announces Safe Harbor for First-Round PPP Deductions (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…