• Form 1065 K1

Why your Schedules K-1 may arrive later than usual this year

If you typically receive a Schedule K-1 from a partnership or S corporation, you may receive it later than usual this year. The IRS has created two new forms, Schedules K-2 and K-3, that many partnerships and S corporations must file this year at [...]

By |2022-03-14T09:38:58-04:00March 13th, 2022|

New Schedules K-2 & K-3 – FAQs for Individuals Who Receive K-1s

Will the new Schedule K-2 and K-3 filing requirements affect me? Although these new requirements mostly affect certain partnerships and S corporations, they may affect you if you are: An individual who receives a Schedule K-1 from a partnership or S corporation. In this [...]

By |2022-03-04T12:41:04-05:00March 4th, 2022|

Why the US is the 2nd Largest Tax Haven in the World

For years, the IRS has complained about “tax havens” like Switzerland whose secrecy laws have enabled wealthy US citizens to hide assets offshore and (illegally) shelter their foreign income from US taxation. Since 2009, the US has made great strides in chipping away at [...]

By |2022-03-01T18:19:33-05:00March 1st, 2022|
  • Phone Lines

How To Get IRS Help Faster amid Ongoing COVID-19 Delays

As of mid-2021, if you called the IRS, your chances of getting through to a live person were only about 7%. The IRS has not been able to adequately staff its phone lines or keep up with call volume for several reasons: IRS funding [...]

By |2021-10-22T12:56:05-04:00October 22nd, 2021|
  • Girl by window

11 Years Is Too Long To Wait for Mental Health Treatment

Yes, we are a tax firm. But this blog post has nothing to do with taxes. It is about a topic that is much more important. October 10 is World Mental Health Day, and mental health affects us, our employees, our clients, and our [...]

By |2021-10-01T11:23:42-04:00October 1st, 2021|

How Long Do You Really Have To Respond to an IRS Tax Due Notice?

If you live overseas, travel regularly, or split your time between different locations, you may have had the unpleasant experience of receiving an IRS notice after the payment due date listed in the notice. Or perhaps, during the COVID-19 pandemic, you were one of [...]

By |2021-11-18T11:03:08-05:00February 25th, 2021|
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