1065 K-2/K-3 Filing Exception for Domestic Partnership White Paper

The IRS has just released the draft instructions for 2022 partnership return and the good news is the instructions include an exception for filing the Schedules K2 and K3 for domestic partnerships.

Bad news is the partnership must meet four criteria to qualify and special instructions if qualifying for only 3 of the criteria.

It is critical for CPAs, EAs and tax professionals to get updated to how these changes will affect their clients going forward. 

We put together a FREE white paper that will answer all of your K-2/K-3 questions.