AICPA releases K2/K3 resources

The AICPA’s Tax Practice & Ethics Team has developed IRS Schedules K-2 and K-3 resources.

• Schedules K-2 and K-3 guidance and resources (resource hub that is open to everyone): Access resources to advise clients on Schedules K-2 and K-3, which are used to report items of international tax relevance from the operations of pass-through entities.
• Schedules K-2 and K-3 Client Information Letter (available to AICPA members): Notify your clients about the new reporting forms and advise them to contact you with questions.