Category: Tax

New Schedules K-2 and K-3: Enhanced Reporting of Foreign Information

Schedules K-2 and K-3 will be a major change to partnership and S corporation reporting starting in 2021 and will be required for 2022 and future years.…

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IRS Online Tools and Account Creation

With a shrinking IRS workforce, getting in contact with IRS agents is becoming increasingly difficult. The more traditional methods of communicating with the IRS – by phone…

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Washington Long-Term Care Tax Updates, Withholding Date Extended

On January 27, two bills were passed by the Washington state legislature pertaining to the WA Cares Fund. These bills prolonged the start date for withholding premiums…

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