Five essential tips for financial planning professionals to help guide parents through financial planning for
7 min read
Tax Byte
ICYMI: In case you missed it this week, the IRS has issued a frequently asked question (FAQ) in Fact Sheet 2023-20 to provide guidance to pass-through entities e-filing Schedules K-2 and K-3 on reporting negative amounts.
For tax year 2022, the schema for e-filing Schedule K-2 and K-3 do not permit negative values for certain line items in Part II. Thus, the FAQ issued this week provides guidance to pass-through entities about how to report these amounts.
STAY TUNED
Stay updated with more breaking tax-related developments by subscribing to Tax Bytes with Jessica Jeane, J.D.
Recent Stories
Alert Your Business Clients to 2026 Form W-2 Changes for OBBBA
January 23, 2026
Trump Executive Order Directs Cannabis Rescheduling
January 19, 2026
Next Up...
The IRS has reinstated targeted "significant issue" letter rulings for corporate reorganizations under new Rev.
4 min read
Thinking about starting your own accounting firm? Here's an overview of what you need to
6 min read