Schedule K-1‘s will be Delayed
3/1/2022
RINA Alert - March 1, 2022 | Volume 20, Issue 4
At the beginning of February, Governor Newsom signed two noteworthy bills – SB 113 and SB 114 which we discussed in a previous RINA alert.
Due to the passage of SB 113, the Franchise Tax Board has had to make numerous changes to tax forms and instructions. The documents changed include:
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Form 3893, Pass-Through Entity Elective Tax Payment Voucher will be revised first and is expected to be available March 7, 2022. Once all the forms become available, they will need to be incorporated into the software programs used by our firm.
As a result, K-1’s will not be available until mid-March at the earliest.
If you have any questions or concerns, please reach out to your RINA professional.