2022-11-06 S Corporation Schedule K-2 and K-3 Draft Instructions Also Released

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

2022-11-06 S Corporation Schedule K-2 and K-3 Draft Instructions Also Released

Edward K. Zollars, CPA (Kaplan Financial Education)

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

2022-11-07 Current Federal Tax Developments