September 25, 2022

Busy Season Problems: K-2/K-3 Is Not OK; Weird Smells; Shadowy JPEGS

From time to time we like to check on our tax peeps to see how they’re holding up during busy season.

Well … there’s the new schedules K-2/K-3 requirements for pass-through entities (see Michael Rapaport’s article for Bloomberg Tax on the new IRS foreign income reporting requirements for partnerships), which is driving tax pros completely out of their minds:

And here are some we’ll file under “Miscellaneous”:

Related article:

#TaxTwitter Has Absolutely Had It With Clients’ Sh*t

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