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When are Schedule K-1s Required to Be Sent to LLC Members?

Posted on 2/24/12 at 6:37 pm
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
63327 posts
Posted on 2/24/12 at 6:37 pm
Seeing conflicting information online.

TIA
This post was edited on 2/24/12 at 6:37 pm
Posted by CHSBears
Baton Rouge
Member since Aug 2007
779 posts
Posted on 2/24/12 at 7:44 pm to
Is it a trust, estate, or partnership?
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
63327 posts
Posted on 2/24/12 at 7:51 pm to
quote:

partnership


Company has been "getting to the form" for a few weeks now. Just want an idea what their absolute send-by date is.
Posted by CHSBears
Baton Rouge
Member since Aug 2007
779 posts
Posted on 2/24/12 at 7:57 pm to
Generally the partnership return (1065) is to be filed by the 15th day of fourth month (April 15th). Partnership can file a 3 month extension, which is likely. There are 1/2 other ciircumstances linked to earnings generated outside of U.S.

My guess is you will get it in July. Estates & Trusts can be even later.

Posted by shutterspeed
MS Gulf Coast
Member since May 2007
63327 posts
Posted on 2/24/12 at 8:03 pm to
Can I file my personal income tax without having it in hand?
Posted by CHSBears
Baton Rouge
Member since Aug 2007
779 posts
Posted on 2/24/12 at 8:07 pm to
Don't quote me, but get a hard estimate from the preparer and file your return. When you get the actual, file a amended return. I have done this because of having to file a FAFSA for one of my children.
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
63327 posts
Posted on 2/24/12 at 8:11 pm to
quote:

Don't quote me, but get a hard estimate from the preparer and file your return. When you get the actual, file a amended return. I have done this because of having to file a FAFSA for one of my children.


The partnership was formed at the end of December. No income. Don't want to to have to pay extra to do an amended return if I can help it.
Posted by CHSBears
Baton Rouge
Member since Aug 2007
779 posts
Posted on 2/25/12 at 5:37 am to
I would file return, wait for K-1, probably no need to file a 1040X amended return.
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
63327 posts
Posted on 2/25/12 at 10:16 am to
Thanks.
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