During her career, Geralyn Hurd has been both a producer and a recipient of K‑1s, and she has seen the challenges both sides face. As tax technology services leader at Crowe, Geralyn has asked, why can’t this process work better for everyone? What if partners could access the raw data they need, formatted to be readily ingested into their own software? What if partnership teams could spend less time putting together K‑1 packets, and less time responding to follow-up questions to help them decipher the data?
These questions have driven Geralyn and the Crowe tax team to build a set of products aimed at reimagining the K‑1 process. In the conversation that follows, Geralyn talks about how K‑1s have evolved over her career, the vision and path toward a better approach for K‑1s, and what it will take to get an entire industry to break from an entrenched process to embrace a better way.