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The Use of Schedule K-1 Data to Address Taxpayer Noncompliance Can Be Improved

The Commissioner, Wage and Investment Division, should conduct periodic outreach to encourage submission of reliable Schedule K-1 data to the IRS. Topics should include2*********************************************2*********************************************************2The outreach should be directed to those involved with preparing and submitting Schedule K-1 data to the IRS (e.g., flow-through entities, return preparers, tax practitioners, and tax preparation software companies).