https://vimeo.com/767811992

https://www.currentfederaltaxdevelopments.com/podcasts/2022/11/6/2022-11-06-s-corporation-schedule-k-2-and-k-3-draft-instructions-also-released

This week we look at:

• IRS releases Form 1120-S Schedule K-2 and K-3 draft instructions with similar exceptions to Form 1065 version
• IRS gives some indication on when §174 guidance will come out
• Tax benefits alone not enough to establish taxpayer had a profit motive in solar lens leasing business
• IRS grants late rollover relief to victim of fraud