Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 09-02-2015, 02:50 PM
Junior Member
 
Join Date: Sep 2015
Posts: 2
LLP - Was I required to file K1/1065?

I'm in the process of having a home loan underwritten, and some tax documents are being requested of me that I'm unsure whether or not I filed or was even required to file.

I maintained an active LLP for 2013-2014, and my originator is requesting Schedule K1s. Due to the business being an LLP, I don't believe I was required to file Schedule K1s. I have also read from multiple sources that an LLP can choose to "pass through" its tax liability to its members, and thus not be required to file a 1065. This was my and my partner's intent, as it was a very loose/informal partnership created just to allow us to work together under a formal name.

All this to say, I'm unsure if I'm in the clear here or not.



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
 


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
New LLC, how do I file the incorporation fees on the 1065? LoPG319 Limited Liability Company 0 04-08-2014 02:05 PM
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
Which Taxpayers are required to file an FBAR? TaxGuru Filing Requirements 0 08-15-2011 11:33 PM
CA Law imposes a penalty on Tax Preparers who do not e-file when required to by Law! TaxGuru California 0 09-19-2009 08:54 AM
Who is required to file a tax return for Decedent? Pancho Filing Requirements 1 04-06-2008 04:31 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
 
 
 

» Recent Tax Q&A
No Threads to Display.