IRS Provides Details on Relief on Preparing Schedules K-2 and K-3
Feb. 16, 2022 – The IRS has provided further details on additional transition relief for certain domestic partnerships and S corporations preparing the new schedules K-2 and K-3 to further ease the change to these new schedules. Those eligible for the relief will not have to file the new schedules for tax year 2021. Read more.
Pa. Taxpayers Affected by Hurricane Ida Have More Time to File Tax Returns
Jan. 19, 2022 – The Department of Revenue is extending the due dates to file various individual and business tax returns for taxpayers in parts of Pennsylvania who were affected by Hurricane Ida. Importantly, taxpayers should know that this extension does not apply to tax payments. Read the update from the DOR.