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K1

Corporate Law Discussions

K1

Postby Beanon » Wed Nov 23, 2016 9:29 pm

s About Taxes)/K1 Advertisement Expert: Ivan Roth - 3/17/2008 From what I understand, 1098's are due to the taxpayer by 2/1.  Is there a deadline that a corporation has to submit a K1 to its shareholders?  Or are they only legally responsible to providing a K1 by 4/15 yearly?  I am a shareholder of a corporation, and since 2/1/08 I have asked for the K1 to be sent to me.  The powers that be told me that they have till 4/15/08 to send it.  I have been ready to submit my tax return, and this is the only missing bit of information.  If they do not send me a K1, in spite of my attempts to obtain it, should I file my taxes with a letter, explaining the circumstances?

Thanks, in advance, for your help and counsel
Beanon
 
Posts: 33
Joined: Tue Feb 25, 2014 3:14 am

K1

Postby Burhtun » Sat Nov 26, 2016 7:52 pm

s About Taxes)/K1 Advertisement Expert: Ivan Roth - 3/17/2008 From what I understand, 1098's are due to the taxpayer by 2/1.  Is there a deadline that a corporation has to submit a K1 to its shareholders?  Or are they only legally responsible to providing a K1 by 4/15 yearly?  I am a shareholder of a corporation, and since 2/1/08 I have asked for the K1 to be sent to me.  The powers that be told me that they have till 4/15/08 to send it.  I have been ready to submit my tax return, and this is the only missing bit of information.  If they do not send me a K1, in spite of my attempts to obtain it, should I file my taxes with a letter, explaining the circumstances?

Thanks, in advance, for your help and counsel
Burhtun
 
Posts: 50
Joined: Sun Jan 19, 2014 2:08 am

K1

Postby ailbe » Sat Dec 10, 2016 10:01 pm

Dear Dean the corporations tax return including  extensions is due SEPT 15 theoretically that is the date the K1s are due .

You are entitled to file an extension on  form 4868 which extends your tax return  due date to October 15 you should ask the corporation to give you an estimate of the K1 so you can pay your estimate taxes correctly.
ailbe
 
Posts: 49
Joined: Fri Feb 15, 2013 9:25 am


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