The U.S. IRS has announced the release of draft instructions for the Schedules K-2 and K-3 released to enhance reporting of international tax matters by pass-through entities, as well as related penalty relief for the 2021 tax year.
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Draft Instructions for the Schedules K-2 and K-3 released to enhance reporting of international tax matters by pass-through entities
IR-2021-140, June 30, 2021
WASHINGTON — The Treasury and the IRS released today early draft instructions for the Schedule…