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Pass-Through Entity Reporting Requirements for 2021 Tax Year

By Business Tax, Insights, Tax Controversy, Tax Planning & Consulting

The IRS has announced several new pass-through entity reporting requirements to be introduced for the 2021 tax year. The new requirements serve to provide greater detail to partners and shareholders of pass-through entities to assist them in preparing their respective tax returns. Most notable of these requirements are the Schedules K-2, K-3 and Section 1061 Worksheet A.

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