This week we look at:

  • Proposed regulations on required minimum distributions
  • AICPA and state societies letter on delay for K-2 and K-3 filings
  • Data entry error did not provide reasonable cause for tax understatement

Copyright 2022, Kaplan, Inc.

Direct download: 2022-02-28_At_Least_One_Couple_Are_Not_Tax_People.mp3
Category:general -- posted at: 7:52pm EDT

This week we look at the IRS's newly issued 2021 Schedule K-2 and K-3 filing relief. How much does the option added in Question 15 of the newly released FAQ on K-2 and K-3 issues really help partnerships and S corporations? Who does and doesn't qualify for this relief? And what about 2022 and future years?

Copyright 2022, Kaplan, Inc.

Direct download: 2022-02-21_IRS_Releases_K2_and_K3_Relief.mp3
Category:general -- posted at: 10:23am EDT

This week we look at:

  • IRS adds more information on research credit claims issues
  • LB&I announces new partner basis campaign
  • IRS expands list of notices being temporarily suspended
  • K-2 and K-3 filing issues being addressed by vendors, IRS defends process

Copyright, Kaplan, Inc.

Direct download: 2020-02-14_IRS_Suspends_Issuing_More_Notice_Types.mp3
Category:general -- posted at: 10:39am EDT

This week we look at:

  • Continuing saga of the K-2 and K-3 filing issues, including an extreme delay in accepting them electronically.
  • Consider interim filing method to electronically file these returns
  • OPR Director announces that IRS plans to add features to TaxPro site by mid-summer, additional features added for following year.
  • OPR Director also notes that Treasury has finished reviewing the revisions to Circular 230

Copyright 2022, Kaplan, Inc.

Direct download: 2022-02-07_TaxPros_Account_Improvements_Coming.mp3
Category:general -- posted at: 2:32pm EDT






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