The decision by ATX regarding Schedules K-2 and K-3, along with a total lack of communication from ATX, makes ATX completely unusable for 2021. Either ATX is "all-in" on a bet that the IRS will back off on the K-2 and K-3 requirements or Wolters Kluwer has made a corporate decision to force ATX users into another Wolters Kluwer program. Either reason is unconscionable. I have tried repeatedly to obtain input from ATX and Wolters Kluwer. Crickets!!!!!!!
My insight from various CPA groups is that the IRS is NOT going to back off on the K-2 and K-3 requirements, despite the well-written letter from the AICPA and all 50 state CPA societies.
What the hell is an ATX user with the March 15th deadline bearing down on us . . . and . . . clients browbeating us for their K-1's supposed to do.
This is "malpractice" by ATX.
