IRS Releases Second Draft of Form 1065 K-2 & K-3 Instructions

National Tax Advisory Group | Prager Metis | Dec 16, 2022

On December 2, 2022, the IRS released a revised draft of Schedule K-2 & K-3 (Form 1065) instructions updating their previous release from October 26.  The most significant change is seen in the domestic filing exception.  Click here to read more

2023-02-21T09:49:35-05:00
163j, irc 163, irc 163j
Tax
Sep 11, 2024
Jared M. Mahar
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Deep Dive into the Impact of Section 1446(f)

Section 1446(f): A Critical Update for Foreign Investors in Partnerships Our latest article delves into the significant implications of Section 1446(f) on foreign investors involved in partnership interest sales. This comprehensive overview covers the 10% withholding tax requirements, explores exceptions for both non-publicly and publicly traded partnerships, and outlines crucial filing obligations for foreign individuals with U.S. business interests.

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