Question
Regarding K2 & K3 Exception to filing. Is there a way to make a statement on the returns that "Qualified for exception to filing Schedule K2 & K3"? Or a box to check that will attach the statement?
99% of my 1120S/1065 clients will not be required to file the K2/3 because they don't have foreign activity. I sat in on a CCH webinar yesterday that suggested we don't have to prepare the Forms K2/3 if that is the case, but also suggested we attach a statement saying they qualified for exception to filing. I cannot find a statement to that affect in the elections area, or a way to "universally" attachment a misc statement to that affect, without having to attach it to every one individually. Any help would be appreciated.
