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I am looking to expert advise on how to amend partnership tax return where, on 1065 schedule B , the answer to question 25 is NO.. . I looked at the article https://proconnect.intuit.com/community/partnership/help/how-to-amend-a-partnership-return-form-1065... but it does not talk about Form 8082. I believe this form is required if the partnership did not opt out of the centralized partnership audit regime
Any help will be greatly appreciated
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It's a pain in the tuchus.
I vote you wait til after April 15.
The more I know the more I don’t know.
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If this is a 2020 return, file an extension by tomorrow and then file a superseding return.
The more I know the more I don’t know.
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Yes, its a 2020 return and I filed an extension along with the return. As far as I know proconnect online does not have the functionality to e-file superseded tax return. I will have to paper file that .Am I correct?
I will also e-file the taxpayer's 1040 with the modified K1 numbers. Since IRS is slow in processing new returns, there is a high chance by the time IRS matches up 1065 and 1040 the superseded 1065 return will not in the system. Will they send some kind of notice and how should I respond to that?
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Yes the superseding return will need to be paper filed.
If/when the IRS notice comes you 'splain that a superseding return was filed on xx/xx/2021 and here's a copy.
The more I know the more I don’t know.
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Thank you for the advise. Do you know if proconnect online has the ability to e-file amended tax return with Form 8082 and what's the downside of going that route?
