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Level 1
June 11, 2022
Solved

K1 Incorrect Name

  • June 11, 2022
  • 1 reply
  • 11 views

I just filed a tax return for my LLC and submitted K1s to the members. One of the members noticed their name was slightly misspelled, but their tax ID number is correct. Do I need to file an amended tax return for the misspelled name, or can it be corrected on next year's  tax return?

Best answer by Anonymous_

How badly was the name misspelled?

 

You can file an amended return with the correct name, but the IRS typically matches the social security number withe first four letters of the taxpayer's last name (or first three if the last name only has three letters).

1 reply

Level 15
June 11, 2022

How badly was the name misspelled?

 

You can file an amended return with the correct name, but the IRS typically matches the social security number withe first four letters of the taxpayer's last name (or first three if the last name only has three letters).