The IRS has proposed adding two new schedules to Form 1065, U.S. Return of Partnership Income, to help standardize the format in which partnerships report international tax items, beginning with tax ...
On April 8, 2020, the Internal Revenue Service (“IRS”) released Rev. Proc. 2020-23. This Revenue Procedure allows tax partnerships to realize cash benefits of amendments to the Internal Revenue Code ...
The Internal Revenue Service released an early draft Thursday of the instructions for Form 1065, U.S. Return of Partnership Income, with newly revised directions for how partnerships should report on ...
The IRS provided transition penalty relief Tuesday to partnerships in complying with new rules for reporting partners’ capital account balances. As it explained in the notices and news release, the ...
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