Explaining the new Form 1098-F plus an IRS update on the taxation of state payments
Thank you - this is quite comprehensive. The most helpful is where to do an adjustment due to this newly popped instruction. Super useful information. Liked the format, too.
No news on the payments in Iowa?
This is regarding K2/K3. Let me know if this is not the place to ask. I watched the Compass tax educators Business tax law update and other research but still need clarification. A US S corporation with 100% US shareholder provides services and virtual talks to several non-US companies in Europe. Do I prepare several schedule K2/K3 to report income and deductions by country or can it be lumped into one K2/K3? Lacerte is asking for Foreign country and the income is from different non-US companies (UK, Paris, Berlin). Guidance is appreciated.