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amending a return (1 viewing) (1) Guest
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TOPIC: amending a return
#5698
jbg (User)
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amending a return 1 Year, 11 Months ago Karma: 0  
If a partnership return was filing in 2005 and in 2006 there was no activity, do you need to file a 2006 tax return or do you just amend the 2008 tax return and mark it final?
 
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#5713
Miami LS (User)
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Re:amending a return 1 Year, 11 Months ago Karma: 0  
Partnership tax returns do not have a minimum revenue filing requirement. If the partnership was in existence during the year, then a partnership tax return, form 1065 must be filed. If you dont file form 1065, then the IRS will issue a penalty.
 
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#5725
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Re:amending a return 1 Year, 10 Months ago Karma: 0  
I just re-read your post. I think you are right. If you amend the 06 return to make it final, then you might aviod the IRS penalties. The problem is that if a tax return is out of section 6651 statute of limitations, then you may not be able to amend.
 
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#5735
tbm1231 (User)
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Re:amending a return 1 Year, 10 Months ago Karma: 0  
Amend the 06 return and call it final. If you file an 07, and file it late, you will have to pay penalties.
 
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