Schedule C - Alternative Reporting Option

[12AX7]

A number of providers are now using alternative reporting on their Schedule C reports. If alternative reporting is used and assuming all indirect compensation is eligible indirect compensation (and properly disclosed), do I still need to complete Part 1, Line 3 for each source of indirect compensation?

The provider is reporting 31 sources with all information except either the EIN or address of the source so the information is incomplete. If I do have to report this information, I would need to obtain the prospectus for all funds in the plan to get either the EIN or address.

I don't do many of these, so I appreciate the guidance.

[sam2012]

_{I would say no and that is how I do it. You should just mark 1a "yes" and in 1b provide who made the required disclosures. If anyone received direct comp and their indirect comp took them over $5K you should report them on line 2.}