What should the basic squadron do with the IRS notice about filing an information return?

The appropriate course of action for the basic squadron upon receiving an IRS notice about filing an information return is to send it to NHQ/FM (National Headquarters/Financial Management). This is crucial because the Financial Management office is responsible for compliance with IRS regulations and handling related communications. They have the expertise and authority to assess the situation effectively and respond appropriately to the IRS. By forwarding the notice, the squadron ensures adherence to legal obligations regarding tax notifications and filings, preventing potential penalties or issues that could arise from misunderstanding or mishandling the notice.

In contrast, ignoring the notice could lead to complications with the IRS, potentially resulting in fines or legal issues. Simply sending the information requested by the IRS without understanding the requirement may not address the situation entirely, and contacting the IRS directly without guidance could lead to miscommunication or misinformation. Therefore, delegating this responsibility to the appropriate financial authority is the best practice to maintain compliance and ensure all necessary protocols are followed.