"John Levine" <johnl[at]simone.iecc.com> wrote
- quote -





And don't forget to send out corrected K-1's if those are a part of the
original return.






--
Paul A. Thomas, CPA
Athens, Georgia

--
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- quote -

One reads page 16 of the instructions for Form 1041 wherein it is
revealed that you file another 1041 with the "Amended return" box in
section F checked, and include a letter explaining what changed.

Regards,
John Levine, johnl[at]iecc.com, Primary Perpetrator of "The Internet for Dummies",
Information Superhighwayman wanna-be, http://www.johnlevine.com, ex-Mayor
"More Wiener schnitzel, please", said Tom, revealingly.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

Having received a corrected 1099 for a trust I went looking
for a 1041-X form on the IRS Website but could not find one. Does it
exist? If not how does one report the change

California does not have a 541-X form on thir site

There is an $88 decrease in Total income, qualified
dividends increased by $250 and an increase of $18 in Capital Gain
Distribution (would be reflected in Capital loss carryover). These
changes would drive a change in the K-1. The net result would probably
be a refund increase of may be $15 to the recipient of the K-1..

Should I even do anything given that the amounts are
small or should I wait for the iRS to do something on their own. Next
year I won't be in such a hurry to file

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >