PwC co-submits comment letter on draft partnership tax forms for 2019

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

November 2019

Overview

The IRS has released draft partnership tax forms for the 2019 tax year which, if finalized, will include modifications to Form 1065 and Schedule K-1 (the Forms). The Forms reflect tax law changes made by the 2017 tax reform legislation and new areas of IRS focus, including tax capital, detailed reporting of a partner’s share of unrecognized built-in-gains or losses, and information about partners that are disregarded for federal tax purposes. PwC and three other firms recently submitted a joint comment letter requesting a delay in implementing the changes to the Forms until tax year 2020 at the earliest.

Contact us

Craig Gerson

Principal, M&A Tax, PwC US

Follow us