IRS Notice Provides Transition Period Penalty Relief

IRS Notice 2021-39: Transition Period Penalty Relief for New Schedules K-2 and K-3 for Forms 1065, 1120-S and 8865 Provides PENALTY RELIEF for taxable years that begin in 2021 (processing year 2022) with respect to Schedules K-2 and K-3 to Forms 1065, 1120-S, and 8865.  These forms that will be made available in late February 2022 to software developers, by [...]