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Tax Insights
Dan Oberst

Update on State PTE Tax Elections

A recent post discussed how many states are providing options for pass-through entities (S corporations, partnerships, or LLCs treated as S corps or partnerships for federal income tax purposes) to

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Tax Insights
Marne Babich

FAQs about Tax Filing Extensions

Taxpayers can file a form with the IRS to request additional time to complete their tax returns. (See our related post for links to the appropriate forms and filing deadlines

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Tax Insights
Marne Babich

IRS Proposes New Voluntary Tip Tracking Program

On February 6, 2023, the Internal Revenue Service (IRS) issued Notice 2023-13, which contains a proposed revenue procedure that would establish the Service Industry Tip Compliance Agreement (SITCA) program, a voluntary

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Tax Insights
Bobby Bollinger

Navigating Schedules K-2 and K-3

Schedule K-2 is an extension of Schedule K and is used to report items of international tax relevance from the operation of a partnership or S corporation. Schedule K-3 is

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