K-1 as an Amendment


K

kkallmes

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
 
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P

Phil Marti

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.
 
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Herb Smith

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).
 
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