Two questions:
Are TPAs preparing Form 990-T for the retirement plans of their clients, or are they deferring to the client's CPA? and
If a K-1 (1065) has an attachment for Part III, Item 20 (Other Information), letter 'V" (UBTI), does the figure on the attachment reflect the net UBTI or the gross UBTI?
Thank you in advance for any assistance!