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College Action Project Update Form Grand Rapids Community College NOTE: This project update will be provided to SLT members one week prior to SLT meeting where project is discussed. Update Date: 10/11/2011 CAP
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Cap 2 refers to Capital Account Form 2, which is a form used to report certain financial information related to capital accounts.
Partnerships and limited liability companies are required to file cap 2.
Cap 2 can be filled out electronically or manually, following the instructions provided by the relevant tax authority.
The purpose of cap 2 is to provide accurate financial information about capital accounts for tax purposes.
Information about capital contributions, distributions, allocations, and ownership changes must be reported on cap 2.
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