We are starting to prepare S-Corp tax returns and trying to interpret the IRS instructions for Schedules K-2 and K-3. We need guidance from Intuit about the necessity to file these schedules and the availability to e-file them. IRS says e-filing of K-2 and K-3 will not be available until Mid-June. Until then you have to attach as a pdf.
Our clients are typical small businesses with no foreign income or foreign shareholders. According to the latest IRS instructions the S-Corp needs to "certify" that the shareholder has no foreign income. That is ridiculous and a big invasion of privacy.
We need help from Intuit on this issue.
This discussion has been locked. No new contributions can be made. You may start a new discussion here
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.