Draft amended Form 1065 and updated K-1s for a partnership return requiring restatement after detection of omitted guaranteed payments to partners

Generate draft amended form 1065 and updated k-1s for a partnership return requiring restatement after detection of omitted guaranteed payments to partners for Accounting, Tax Preparation, Bookkeeping, and Payroll Services industry

Accounting, Tax Preparation, Bookkeeping, and Payroll Services

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Allowed: PDF, XLSX, CSV, TAX

Max size: 50MB

Upload the original Form 1065, Schedule K-1s, and supporting workpapers requiring amendment
Provide the calculation detail for each omitted guaranteed payment including partner name, amount, date, and allocation methodology
Specify the partnership structure type for proper tax treatment determination
Identify the specific reason for the 1065-X amendment to ensure proper IRS code references
Enter original tax year end date and indicate if short period filing applies
List all partners whose K-1s require amendment with their EIN/SSN and ownership percentage
Assess potential penalty exposure for late payment and determine abatement strategy
Identify affected state tax returns that require concurrent amendment due to flow-through percent reporting
Detail the partnership agreement allocation provisions for guaranteed payments and how corrected amounts flow through to distributions
Set processing priority based on IRS deadlines and statutory limitations
Specify minimum partner notification requirements and approval signatures needed before filing

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Allowed: XLSX, CSV, TAX, QBO

Max size: 25MB

Upload supporting schedules: guaranteed payment schedules, capital account rollforwards, state apportionment factors, and penalty calculations