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Date Issued
Recommendation number
5
Status
Closed
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.
Report
The Use of Schedule K-1 Data to Address Taxpayer Noncompliance Can Be Improved
Significant Recommendation
No
Questioned Costs
$0
Funds for Better Use
$0