Discussion:Amendment needed?

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

(Difference between revisions)
Jump to: navigation, search
Revision as of 19:06, 28 October 2009
WIBadgerCPA (Talk | contribs)
(Agree with Kevin)
← Previous diff
Revision as of 20:50, 28 October 2009
Lrussell (Talk | contribs)
(Thank you!)
Next diff →
Line 7: Line 7:
{{ForumReplyPost|UserID=WIBadgerCPA|Date=28 October 2009|Text=Agree with Kevin, no filing requirement and statute has started to run anyway. No benefit to filing amended return.}} {{ForumReplyPost|UserID=WIBadgerCPA|Date=28 October 2009|Text=Agree with Kevin, no filing requirement and statute has started to run anyway. No benefit to filing amended return.}}
 +
 +{{ForumReplyPost|UserID=Lrussell|Date=28 October 2009|Text=Thank you!}}

Revision as of 20:50, 28 October 2009

Discussion Forum Index --> Basic Tax Questions --> Amendment needed?
Discussion Forum Index --> Tax Questions --> Amendment needed?

Lrussell (talk|edits) said:

28 October 2009
My client filed a tax return even though not required as he didn't meet the minimum filing requirements. Following his filing, he got a K1. With the inclusion of the income from the K1, he still does not meet the minimum filing requirements. I don't see any benefits (no carryover's etc) to filing the amendment return to the include the K1. However, since he did file originally, would you suggest filing an amendment just so the tax return matches up to his wage and income transcript?

Kevinh5 (talk|edits) said:

28 October 2009
no

WIBadgerCPA (talk|edits) said:

28 October 2009
Agree with Kevin, no filing requirement and statute has started to run anyway. No benefit to filing amended return.

Lrussell (talk|edits) said:

28 October 2009
Thank you!
Personal tools