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General Partner Issued False K-1 Schedule

Being a 33% shareholder General Partner Issued K-1 Schedule for 25% and Stated that I paid only 25% of the investment and that is false statement. I provided the proof of payments that I made for 33%. Now I need to  file the personal taxes. I request to correct the K-1 Schedule to reflect 33%. It has been more than 15 days that I requested for change the K-1 schedule, no response from them yet.


How do I report this to IRS regarding this false/incorrect K-1 Schedule?

Also General Partner is not sharing the 1120S of 2021 for my records. How do I report this to IRS?

Any advise is appreciated. Thanks. Jack.

2 Replies

General Partner Issued False K-1 Schedule

there is form 8082 for your tax return. 


check box 1a and complete the other parts


for a copy of the return form 4506

here what the instructions say

 A bona fide shareholder of record
owning 1 percent or more of the outstanding stock
of the corporation may submit a Form 4506 but must
provide documentation to support the requester's
right to receive the information.........

Documentation. For entities other than individuals,
you must attach the authorization document. For
example, this could be the letter from the principal
officer authorizing ...........................................

if you can't get documentation then the IRS will do nothing. your only option would be a lawyer.

Level 15

General Partner Issued False K-1 Schedule

A little math. You and 2 others buy a third of the firm at 100 each.  Firm value 300.  A fourth person pays 100 to join.  Firm value 400.  You now own 25%!

A little law  https://www.law.cornell.edu/uscode/text/26/7434

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