Month: December 2022

Important Info for S-Corp Shareholders and Partnership Partners

Article Highlights:Schedule K-2 and K-3 Filing RequirementsBackgroundFast Forward to the PresentDomestic Entity K-2/K-3 Filing ExceptionPartner or Shareholder NotificationWhere You Play a RoleForm 1116 – Foreign Tax Credit Filing ExceptionForm 1116 Exception Entity NotificationThere is an important issue related to filing the 2022 S-corporation (Form 1120-S) and partnership (Form 1065) tax returns that requires the cooperation […]

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