Schedule K-1: Best Practices and Error Identification

T. Scott Tufts, Esq.

CPLS, P.A.

• Senior Tax Counsel, CPLS, P.A. (d/b/a Private Corporate Counsel)
• Practice focuses on complex business, estate and trust and tax litigation
• Special emphasis on IRS forms that often lead to litigation
• Over 30 years of representation of taxpayers before the IRS and in litigating tax issues in the various courts
• Over 30 years of working with closely held partnership and other pass-through issues and impacts of the Schedule K-1
• Frequent speaker and host of Tufts on Tax podcast, discussing topics such as cryptocurrencies, corporate transparency, K-1s and IRS Form 8082, Form 1099-NEC, Form W-9, Form SS-8, as well as case law developments of interest
• Member of the Florida Bar; licensed in the states of Florida and North Carolina, and admitted to practice in various Federal courts, inclusive of the United States Tax Court and the Court of Federal Claims
• Board Certified in Tax Law, Florida Bar
• LL.M. degree in taxation, University of Miami School of Law; J.D. Degree, Wake Forest University School of Law; B.S. degree in accounting, Florida State University
• Can be contacted at stufts@pcc.law or (407-647-7887)