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Old 02-18-2010, 08:55 PM
 
511 posts, read 2,056,433 times
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Not sure where to post this question, I hope this is the right place...

I'm all set to do my taxes & I'm waiting on one document. I have a very tiny share of an oil well ($10/month or so) and I'm waiting on the form so that I can do my taxes... everything else is ready and waiting. My two sisters are also waiting for their forms as well. Aren't tax forms such as this supposed to be mailed out no later than Jan. 31st? Last year it was March when this form finally arrived This year I have everything in order and already completely organized & I am actually looking forward to doing taxes! If it is true that this document should have been mailed by the 31st I plan to call up & encourage them to mail it out already & possibly file a complaint...
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Old 02-18-2010, 09:04 PM
 
Location: Sherman Oaks, CA
6,527 posts, read 16,064,810 times
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You're probably waiting for a K-1 form. Unfortunately, the deadline for a partnership to issue this form isn't until April 15th, so you might want to file an extension so your tax filing deadline will be October 15th instead.
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Old 02-18-2010, 11:05 PM
 
Location: Saint Louis, MO
1,908 posts, read 4,192,439 times
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My understanding is that they're due March 15, but like individuals, partnerships can file extensions as well. It's annoying, I know...I'm in the same boat.
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Old 02-19-2010, 09:55 AM
 
511 posts, read 2,056,433 times
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That stinks!! Thank you, I couldn't remember what the form was called... Now I will look it up to see if it's March 15th or April 15th. How annoying! I just want to file...
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Old 02-20-2010, 07:44 PM
 
Location: WA
5,514 posts, read 22,342,296 times
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Firms can and do file for exceptions to the normal reporting schedule. Many brokerage firms are not able to hit the 2/15 deadline (extended last year from 1/31 by IRS) for some forms and instead mail on 2/28. I am still waiting to do my taxes.
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Old 02-21-2010, 07:35 AM
 
3,646 posts, read 10,035,196 times
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LLCs have a March 15th deadline for filing. K-1s have until April 15th. Who writes this stuff?

Even when things were "good" with our partner, he would have the accountant hold off sending out the K-1s for some reason - we'd get ours generally on April 14th. We've never filed late though - our accountant would file based on our records.
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