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US IRS releases new draft partnership Schedules K-2 and K-3 for international tax reporting

|Tax Alerts, National/Federal Taxation, I ...|United States
United States

The United States (US) Internal Revenue Service (IRS) has released for comment new draft Schedules K-2 and K-3 for the 2021 tax year IRS Form 1065, U.S. Return of Partnership Income. The new IRS schedules and accompanying instructions are designed to help partnerships report certain US international tax information to their partners in a standardized format. This information should assis…

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