IRS drops draft instructions for Schedules K-2 and K-3

IRS drops draft instructions for Schedules K-2 and K-3

Insights < Back to Insights and Resources IRS issues draft instructions for Schedules K-2 and K-3 TAX ALERT  |  July 14, 2021 Authored by RSM US LLPOn June 30, 2021, the U.S. Treasury Department (Treasury) and the Internal Revenue Service (IRS) dropped draft...
Court of Appeals rejects IRS’ substance over form argument

Court of Appeals rejects IRS’ substance over form argument

Insights < Back to Insights and Resources Court of Appeals rejects IRS' substance over form argument TAX ALERT  |  June 07, 2021 Authored by RSM US LLPIntroduction – substance over formArticle I of the Constitution gives Congress the authority to lay and collect...