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Old 01-10-2011, 12:48 AM
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Join Date: Jan 2011
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Should I ammend my return?

In 2006-2007 I was a shareholder in a company and filed a K1. The company never filed the correct forms to be an S corporation. They sent me a notice stating that I need to refile for these tax years as my K1 is null and void. 2006 yielded a profit, 2007 yielded a loss. The difference in my taxable income is less than 25% each year. Should I refile, or have I passed the statute of limitations and leave it alone?



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