Latest / Weaver: Beyond the Numbers
Ep 1060: The New K2 or K3 Tax Forms and Foreign Tax Credits
Beyond the Numbers host Rob Nowak, CPA, Real Estate Tax Partner interviews personal tax expert Justin Reeves, CPA, Partner-In-Charge, Dallas office to discuss the new K2 or K3 tax forms and what they mean.
“The purpose of these new forms is really, just a new way to present information that’s been required for over 60 years. The IRS has noticed, perhaps a lapse of reporting in the area as it relates to foreign tax credits, that’s ultimately what this is driven at calculating,” explained Reeves.
He continued to note that these forms give practitioners in the field a simple and efficient way…
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