Re: LLC did not give schedule K-1

Posted by Drew Edmundson on November 2, 2006, 11:56 pm

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shevade@ordernetwork.com wrote:

> Does anyone know of any legal recourse (for the member) if

> the LLC does not issue a K-1 even after the extended

> deadline (Oct 15th) has passed?

Assuming the LLC actually filed a return, IRS can provide
you some of the information. Also contact the preparer. If
they are regulated then they may have to provide a copy,
depends on state law.

If you have sufficient information then you may be able to
prepare the return.

If they haven't filed then you can either do your best to
persuade them to do so or you can contact an attorney and
initiate legal proceedings.

---
Drew Edmundson, CPA
Cary, NC

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