The IRS on Tuesday granted a waiver of estimated-tax penalties to qualifying farmers and fishermen, prompted by the inability of some of them to e-file the new Form 7203, S Corporation Shareholder ...
The IRS has always had S Corp shareholders attach informal schedules to their tax returns to report their stock and debt basis. Starting with returns for 2021, the IRS mandates attaching a new form: ...
We mentioned in last weeks post that farmers who needed to file by March 1 with a Form 7203 requirement now have until April 18, 2022 to file their tax return. If they file by that date, there will be ...
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