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Level 1
June 6, 2019
Question

I am missing a schedule K-1 and wont be able to receive the form until after my Tax filing deadline. Should I file and then complete an amended return when I receive the form?

  • June 6, 2019
  • 2 replies
  • 9 views
More than likely I will owe funds after the updated return. Does it cause any penalties or not?

2 replies

June 6, 2019

You could incur penalties and interest if the K-1 will report a substantial amount of income.  I suggest filing for an extension and making a payment of the taxes you expect to owe.

Level 3
June 6, 2019
Do I have to file form 8082?