The Commissioner, Small Business/Self-Employed Division, should update flow-through form instructions to explain how a flow-through entity should address reporting a deceased recipient and the steps a flow-through entity could take to ensure that accurate recipient information is entered on Schedules K-1 when ownership changes from a deceased recipient.
Questioned Costs
$0
Funds for Better Use
$0
Recommendation Status
Closed
Source UUID
f3e20f18-f8f1-4e1f-866f-6b452e001a30-5
Recommendation Number
5
Significant Recommendation
No