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.…

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The Internal Revenue Service, along with the U.S. Treasury Department, has released a draft version of a proposed new-and-improved partnership form for tax year 2021.…

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The Internal Revenue Service is reminding tax-exempt organizations that recent changes in the law now require them to file information returns and other forms electronically.…

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Drake Software surveyed 3,500 tax professionals to learn if their tax preparation fees have changed since the implementation of the Tax Cuts and Jobs Act.…

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The IRS has released draft forms for revised versions of Form 1065, Form 1120-S and Schedule K-1 for tax year 2019. The Internal Revenue Service says the changes aim to improve “quality of the information reported by partnerships, both to the IRS and the partners of such entities.”…

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Last Year that C and S Corporation Deadlines will Fall on the Same DayTomorrow at midnight is the last moment to meet the filing and extension-request deadline for calendar-year corporation, C…

Read more about Deadline: Calendar-Year Corporation, C Corporation, and S Corporation