K-1 as an Amendment

Taxes General Forum - Tax professionals meeting place and answers to queries. (Moderated) 

Yahoo!   Google   Windows Live   del.icio.us   digg   Netscape

Subject Author Date K-1 as an Amendment kkallmes 04-03-2007  Re: K-1 as an Amendment Phil Marti 04-03-2007  Re: K-1 as an Amendment Herb Smith 04-03-2007
Posted by kkallmes on April 3, 2007, 2:07 am Please log in for more thread options I would like to submit my taxes, but I'm waiting on a K-1. It won't be done for a couple of months. My questions: can I file it as an amendment? Is there a penalty for filing an extension even if I don't owe any money? Thanks, Kate << ======================================================= >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2006) - All rights reserved. >> << ======================================================= >> Posted by Phil Marti on April 3, 2007, 7:04 pm Please log in for more thread options > I would like to submit my taxes, but I'm waiting on a K-1. > It won't be done for a couple of months. My questions: can > I file it as an amendment? Is there a penalty for filing an > extension even if I don't owe any money? Since you know you can't file a complete return now, I'd do the extension, estimating the amount of tax that will be due when the missing K-1 is included. To me this is much easier than filing an amended return later. There is no penalty for filing for an extension. -- Phil Marti Clarksburg, MD << ======================================================= >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2006) - All rights reserved. >> << ======================================================= >> Posted by Herb Smith on April 3, 2007, 7:04 pm Please log in for more thread options kkall...@gmail.com wrote: > I would like to submit my taxes, but I'm waiting on a K-1. > It won't be done for a couple of months. =A0My questions: can > I file it as an amendment? =A0Is there a penalty for filing an > extension even if I don't owe any money? File for the extension. It's free and there are no conditions, other than to pay what you owe prior to 4/17/2007 (or make your best estimate). << ======================================================= >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2006) - All rights reserved. >> << ======================================================= >> Similar Threads Posted Efile amendment April 13, 2009, 11:02 am The 3rd Amendment this year! April 18, 2009, 4:10 pm