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Nov 17, 2021

In June 2021, the IRS released final versions of two new international-related schedules that are being added to passthrough entity returns:

  • Schedule K-2, Partners' Distributive Share Items — International
  • Schedule K-3, Partner's Share of Income, Deductions, Credits, etc. — International

The new...

Nov 12, 2021

The Infrastructure Investment and Jobs Act was approved in the House of Representatives on Nov. 5, 2021 and is headed to President Joe Biden's desk to be signed into law. The House passed the legislation by a 228–206 vote after it passed the Senate by a 69–30 vote in August.

In this Tax Section Odyssey episode,...

Nov 3, 2021

Many tax practitioners think their clients are insulated from the world of international tax issues. However, as the business environment continues to evolve globally, tax practitioners need to make sure they are taking inventory of various international tax matters. International tax policies can dramatically...