Partnership Taxation

How do the income thresholds apply to my partnership’s purchase and use of a new clean vehicle

Could you clarify the reporting on Section 3, Lines 2b, 3a, and 3b, of Part X, Schedules K-2 and K-3 (Form 1065)

How should a partnership report its accrued original issue discount (OID) and OID income taxable on a gross basis to a foreign partner on Section 1 of Part X of Schedules K-2 and K-3 (Form 1065)

Are Part VIII (Form 1065) and Part VII (1120-S) of Schedules K-2 and K-3 required to be completed for dormant foreign corporations (as defined in section 3 of Rev

What if I have a question or comment on the Schedules K-2 and K-3, accompanying instructions, or filing such schedules

In Part II, Section 1 (Description) and Part III, Section 4, Lines 1 and 3 of Schedules K-2 and K-3 (Forms 1065, 1120-S, and 8865), is it possible to enter the code “RIC”

The partnership or S corporation does not qualify for the exception. Is the partnership or S corporation required to complete all parts of Schedules K-2 and K-3

Are there plans to update the Form 8082 instructions to address when an upper-tier partnership does not receive a Schedule K-3 from a lower-tier partnership

Why would a domestic partnership or S corporation with no foreign activities and no foreign partners be required to complete schedules K-2 and K-3

Can you provide some examples highlighting the need for K-2 and K-3 reporting when the domestic partnership or S corporation has no foreign partners or foreign activities

Do the instructions and the January 18, 2022 updates provide any exceptions to filing if a domestic partnership or S corporation has no foreign activities and no foreign partners

What are the benefits of the Schedules K-2 and K-3 for taxpayers

What is the authority underlying Schedules K-2 and K-3

Do Schedules K-2 and K-3 require new information that wasn’t previously required for partners or shareholders to accurately complete their own returns

Why is the IRS creating Schedules K-2 and K-3 now

If a CAP Program taxpayer owns an interest in a partnership, can completed business transactions involving the partnership be worked in pre-filing

Must a partnership or corporation file an information return or income tax return even though it had no income for the year?

Are partners considered employees of a partnership or are they considered self-employed?

How do partnerships file and pay quarterly estimated tax payments?

Why is the IRS creating Schedules K-2 and K-3 for Forms 1065, 1120S, and 8865

What are the Schedules K-2 and K-3

Rev. Proc. 2012-17, 2012-10 I.R.B. 453, allows a partnership to electronically deliver the Schedule K-1 to a partner if the partner affirmatively consented to the electronic delivery. Does Rev. Proc. 2012-17 also apply to the Schedule K-3

Can a partner guarantee his own portion of qualified non recourse debt and make that liability recourse?

Can I use the installment method of accounting when selling an interest in a partnership?

Are a husband and wife that own a 50 percent interest in an LLC required to file a partnership income tax return?

Back to all questions

Interested in seeing Blue J in Action? Just Ask