mfkcpa

It is necessary for us to be able to include forms K-2 and K-3 in 1065s and 1120Ss even if there is no foreign activity.

Please see this discussion

 
 

https://www.currentfederaltaxdevelopments.com/blog/2022/1/29/bd3pl7lnn5ruf2ylkei8jefx2bxkey

We are doing our clients a disservice and exposing them to significant penalties if we don't include this.

Printing the form and filing on paper, especially in today's environment, is not a practical solution.

 

Status: New
Vote now if this is a good idea
Comments
Level 1

Lacerte needs to have a field that will "force" the K-2 K-3 when there is nothing to report.  Currently you have to check a box that says yes to questions 2 and 10 even when there is nothing to report.