The IRS is soliciting comments on Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations. Written comments submitted on or before September 17, 2021, will be assured of consideration. There is no draft form currently available; you need to ask the IRS to see one (call Jon Callahan at (737) 800-7636). #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
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BOI reporting cont'd. But this isn’t the end of the story. The government filed a notice of appeal with the appellate court, and FinCEN says “deadline stay—voluntary submission only” (https://bit.ly/3ZpKxwU Note: There are cases challenging CTA that are still pending.