EYUS IRS changes to instructions for 2021 partnership Schedules K-2 and K-3 are relevant to many partnerships, including private equity and private capital funds
|Tax Alerts, National/Federal Taxation, A ...|United States
On 18 January 2022, the United States (US) Internal Revenue Service (IRS) outlined changes to previously issued IRS instructions for Schedules K-2 and K-3 for the 2021 tax year IRS Form 1065, U.S. Return of Partnership Income. Schedules K-2 and K-3 are new reporting forms that pass-through entities generally must complete, beginning in the 2021 tax year.
Many partnerships must comple…
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