change of ss# after filing
Mary (MICKEY) Frances Riemondy on 03/11/2013 GMT
A member just notifited me after I'd filed our return that
Laurie Frederiksen on 03/11/2013 GMT
Yes. The IRS does consider incorrect SS numbers on K-1
s an incomplete return.
We've had clubs that have gotten penalty charges because of this.
If you file the amendment prior to April 15, you will be fine because the return isn't due until then.
On Sun, Mar 10, 2013 at 8:00 PM, Mary (MICKEY) Frances Riemondy
<mfriemondy@cfl.rr.com > wrote:
A member just notifited me after I'd filed our return that
Linda TerHaar on 03/11/2013 GMT
Is the same true if one member's SS# is not entered on the K-1?
Sent from my iPad
Yes. The IRS does consider incorrect SS numbers on K-1
s an incomplete return.
We've had clubs that have gotten penalty charges because of this.
If you file the amendment prior to April 15, you will be fine because the return isn't due until then.
On Sun, Mar 10, 2013 at 8:00 PM, Mary (MICKEY) Frances Riemondy
<mfriemondy@cfl.rr.com > wrote:
A member just notifited me after I'd filed our return that
ira smilovitz on 03/11/2013 GMT
Yes. You are looking at a potential penalty of $195/month times the number of partners in the partnership until the error is corrected.
Ira Smilovitz
On Sun, Mar 10, 2013 at 9:39 PM, Linda TerHaar
<terhaar@gmail.com > wrote:
Is the same true if one member's SS# is not entered on the K-1?
Sent from my iPad
Yes. The IRS does consider incorrect SS numbers on K-1
s an incomplete return.
We've had clubs that have gotten penalty charges because of this.
If you file the amendment prior to April 15, you will be fine because the return isn't due until then.
On Sun, Mar 10, 2013 at 8:00 PM, Mary (MICKEY) Frances Riemondy
<mfriemondy@cfl.rr.com > wrote:
A member just notifited me after I'd filed our return that
Linda TerHaar on 03/11/2013 GMT
Does bivio have a way to produce a 1065X?
On Sun, Mar 10, 2013 at 10:06 PM, ira smilovitz
<ira.smilovitz@gmail.com > wrote:
Yes. You are looking at a potential penalty of $195/month times the number of partners in the partnership until the error is corrected.
Ira Smilovitz
On Sun, Mar 10, 2013 at 9:39 PM, Linda TerHaar
<terhaar@gmail.com > wrote:
Is the same true if one member's SS# is not entered on the K-1?
Sent from my iPad
Yes. The IRS does consider incorrect SS numbers on K-1
s an incomplete return.
We've had clubs that have gotten penalty charges because of this.
If you file the amendment prior to April 15, you will be fine because the return isn't due until then.
On Sun, Mar 10, 2013 at 8:00 PM, Mary (MICKEY) Frances Riemondy
<mfriemondy@cfl.rr.com > wrote:
A member just notifited me after I'd filed our return that
Laurie Frederiksen on 03/11/2013 GMT
Dear Linda,
bivio does not prepare the 1065x form that needs to go in with an amended return. However, once you make corrections, bivio will produce the corrected tax forms you need to send in with the 1065x. Just make sure you check the "amended" box at the top of any forms you send in.
Here is a link to the form 1065x and the instructions:
http://www.irs.gov/uac/Form-1065X,-Amended-Return-or-Administrative-Adjustment-Request-%28AAR%29
On Mon, Mar 11, 2013 at 11:39 AM, Linda TerHaar
<terhaar@gmail.com > wrote:
Does bivio have a way to produce a 1065X?
On Sun, Mar 10, 2013 at 10:06 PM, ira smilovitz
<ira.smilovitz@gmail.com > wrote:
Yes. You are looking at a potential penalty of $195/month times the number of partners in the partnership until the error is corrected.
Ira Smilovitz
On Sun, Mar 10, 2013 at 9:39 PM, Linda TerHaar
<terhaar@gmail.com > wrote:
Is the same true if one member's SS# is not entered on the K-1?
Sent from my iPad
Yes. The IRS does consider incorrect SS numbers on K-1
s an incomplete return.
We've had clubs that have gotten penalty charges because of this.
If you file the amendment prior to April 15, you will be fine because the return isn't due until then.
On Sun, Mar 10, 2013 at 8:00 PM, Mary (MICKEY) Frances Riemondy
<mfriemondy@cfl.rr.com > wrote:
A member just notifited me after I'd filed our return that