|
#1
| |||
| |||
| "Ted" <Ted[at]ixmil.com> wrote - quote - > I own 5% of a company (subS), and am not on good terms with
They have to provide you with a K-1. They may have had to> management. Sadly there is no market for the stock, or I > would be long gone. > They refuse to provide me with the information I need for my > tax returns. Any advice on what to do? extend the due date of the filing (as is the case with several of my clients this year), which delays the issuance of a K-1. - quote - > The amount is trivial (whether it is a profit or a loss I
You have the option to include your best guess of the income> don't know, but it is small...), but I doubt the IRS will > just let me skip it. (but you can't guess about the losses) and file an amended return later when a K-1 is received. -- Paul Thomas, CPA paulthomascpapc[at]bellsouth.net << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| | |||
| |||
| Ted[at]ixmil.com (Ted) posted: - quote - > I own 5% of a company (subS), and am not on
Since you're already "not on good terms with management" ...> good terms with management. Sadly there is > no market for the stock, or I would be long > gone. > They refuse to provide me with the information > I need for my tax returns. Any advice on what > to do? > The amount is trivial (whether it is a profit or a > loss I don't know, but it is small...), but I doubt > the IRS will just let me skip it. seems you shouldn't worry about dropping a dime: Phone 1-800/829-1040 and report the company's non-compliance to the IRS. They'll inform the company of their responsibility, and also advise you on what interim options you have to file your return properly. Bill << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#-1
| |||
| |||
| I own 5% of a company (subS), and am not on good terms with management. Sadly there is no market for the stock, or I would be long gone. They refuse to provide me with the information I need for my tax returns. Any advice on what to do? The amount is trivial (whether it is a profit or a loss I don't know, but it is small...), but I doubt the IRS will just let me skip it. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| company, information, send |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Entering company information? tmac: I recently upgraded from MS Money 2006 (can't remember which version, but it was a personal one) to Money 2007 P&B. I am trying to create an... | Microsoft Money | 1 | 04-21-2008 04:03 PM | |
| Information on taxes needed please, information only no intent to debate or contest opinions Friendships and Networking: This really is intended for mere information purposes. The examples I hope illustrate my confusion. I posted this on Ask the Experts as well,... | Taxes | 5 | 04-23-2004 04:18 AM | |
| Where send 1040X? Vic Dura: I'm doing a 1040X for 2001 for my mother-in-law. In 2001 she lived in Alabama, and her 2001 return was sent to the Memphis TN service center.... | Taxes | 2 | 09-28-2003 12:22 PM | |
| Thread Tools | |
| Display Modes | |
| |