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Old 04-03-2007, 11:04 PM
Herb Smith
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Default Re: K-1 as an Amendment

kkall...[at]gmail.com wrote:

- quote -

> 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. > << ================================================== ===== >
 
Old 04-03-2007, 11:04 PM
Phil Marti
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Default Re: K-1 as an Amendment

<kkallmes[at]gmail.com> wrote:

- quote -

> 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. > << ================================================== ===== >
  #-1  
Old 04-03-2007, 06:07 AM
kkallmes@gmail.com
Guest
 
Posts: n/a
Default K-1 as an Amendment

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. > << ================================================== ===== >
 

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