Amend K-1's only
Posted 04 April 2009 - 02:19 PM
Do I just file the amended K-1s only? Or do I need to file Form 1065, mark it amended return, and include the amended K-1's?
Posted 04 April 2009 - 04:45 PM
Posted 04 April 2009 - 06:59 PM
If the individual partners reported on their returns properly, regardless of incorrect SS#, then do amendments need to be filed? Perhaps they corrected the SS# themselves on the copy they attached to their return.
Client has an IRA investment in LLC. LLC used the client's social sec #, not the IRA TIN#....so IRS says client owes taxes based on K-1 they received.
I need to amend the K-1 to show the correct IRA Tin#, as income from this LLC is going to an IRA.
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