This week we look at:

IRS releases Form 1120-S Schedule K-2 and K-3 draft instructions with similar exceptions to Form 1065 version
IRS gives some indication on when §174 guidance will come out
Tax benefits alone not enough to establish taxpayer had a profit motive in solar lens leasing business
IRS grants late rollover relief to victim of fraud

An audio only version of this week’s session can be streamed or downloaded below

Articles for this week’s update can be downloaded as a PDF below: