Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-14-2015, 04:45 PM
Junior Member
 
Join Date: Feb 2015
Posts: 2
Question Form 1065 Schedule K-1's

I filed the Form 1065 but did not include the K-1's with it.

Do you re-file all documents or just send in the K-1's



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 02-14-2015, 06:59 PM
Moderator
 
Join Date: Oct 2010
Posts: 5,227
Quote:
Originally Posted by bigdog7000 View Post


#1;I filed the Form 1065 but did not include the K-1's with it.

#2;Do you re-file all documents or just send in the K-1's
#1; you should mail the Form 1065 with all the Sch K-1’s to the IRS. The Sch K-1's are considered part of the partnership return. Also, you should give to each partner a copy of their Sch K-1’s that were issued to them. Ignoring the k-1s will result in a CP2000 adding it in anyway in about a year plus penalties and interest.


#2; I guess you may just send those sch k1s to IRS

Note;Sch K-1 are distributed to the partners. The partners use the information on the K-1 to prepare their personal returns but do not attach copies to their individual returns; they keep them for their records. Partner allocations are reported to the IRS on Sch K which is part of the Form 1065 partnership return.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
K-1 form 1065 enstorms Income 0 03-23-2014 01:23 PM
form 1065 (k-1) enstorms For 2013 0 03-21-2014 01:53 PM
LLC - Form 1065 - Schedule B-1, Part II Sammie Limited Liability Company 1 11-09-2013 12:46 PM
how do you enter sale of partnership interest to another partner on form 1065 and k-1 rbell2315 Limited Liability Company 1 02-27-2013 05:37 AM
Effective 2011, all paid tax practitioners who prepare returns for partnerships are required to file all partnership returns Form NJ-1065 by electronic means. TaxGuru New Jersey 0 01-31-2012 05:08 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning