Sun.Feb 13, 2022

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K-2 & K-3 Requirement Issues For Small Businesses

Nancy McClelland, LLC

2/16/22 UPDATE: Looks like the IRS may be issuing relief after all! Check out this article — IRS to delay some K-2 and K-3 reporting requirements for partnerships | Accounting Today. The source is #15 in the IRS FAQ on the topic: This Journal of Accountancy article walks through the particular scenario where this relief — only for tax year 2021 — applies.