I understand the limitations regarding filing amended returns for personal returns. Are the limitations the same for partnership returns? If they are different, how can the partner file the change if beyond the personal limitation period?
You'll need to sign in or create an account to connect with an expert.
There are various limitations periods such as one that applies to assessments of tax by the IRS and refunds, another that applies to collections by the IRS, another that applies to large understatements of income, etc.
See https://www.americanbar.org/groups/business_law/publications/blt/2017/08/06_wood/
There is no specific limitation on how far back a taxpayer can file an original return or an amended return. Refunds, however, will not be paid after the limitations period expires.
several things what year is the amended return? can you tell us what's being amended? certain situations require filing for a current year change in accounting methods form 3115 rather than an amended return
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
OldCarGuy
Level 4
coolbean
Level 2
scottmc1948
New Member
Chitownpayer
New Member
vblanch2
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.