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rezabpa1
Returning Member

K1 Request a copy of the K1 from the IRS

I've invested as a limited partner in someone else's LP. The company isn't providing me with the required K1.  Is it possible for me to request a copy of the K1 from the IRS?  If so. How?

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2 Replies

K1 Request a copy of the K1 from the IRS

The partnership is required to send you a copy of your K-1. 

 

If you have not received a K-1, contact the responsible party.

 

If you are certain that the partnership has not filed a required return, you can file a referral.

 

See https://www.irs.gov/pub/irs-pdf/f3949a.pdf

K1 Request a copy of the K1 from the IRS

the irs referral form 3949-A. you can contact the GP/mamaging member and tell them you are filing a referral form with the iRS for failure to provide the k-1 as required by law. if you are correct the IRS can impose severe penalties on those responsible for the failure.

https://www.irs.gov/pub/irs-pdf/f3949a.pdf 

 

 

your problem is if you don't get the k-1 what to do on your return.

you can estimate the results and file form 8082 (see the instructions as to who can file) to notify the iRS that what you are reporting may not be correct. This may relieve you of certain penalties if you underestimate your tax liability. 

https://www.irs.gov/pub/irs-pdf/f8082.pdf 

https://www.irs.gov/pub/irs-pdf/i8082.pdf 

your other option is to wait for the k-1, ie file late if needed, but penalties may be impose if you end up owing taxes.

  

 

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