Grant Thornton has published an article, “Tax Hot Topics”, which discusses the updated IRS draft Schedules K-2/K-3 instructions. The article begins as follows:
In today’s Grant Thornton Tax Hot Topics, the IRS releases guidance regarding Schedules K-2 and K-3 while also estimating that the “tax gap” is nearly half a billion dollars, and President Joe Biden nominates a new IRS commissioner. All this and more in today’s Tax Hot Topics.
Click here to read the full article: “Tax Hot Topics”
Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.