re: Tax Filing Extension

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Does it make a difference if a client is paid via K-1 then? Since those are not typically released till March 15.

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If our firm is preparing the K-1s, then we can quickly drop that in when it's ready to go, as the systems are linked together.

If we don't prepare the K-1s, then the same date rules apply. We try to be flexible... if you send us all of your info on time and send us your K-1 on March 16, we can probably get it all finished. So we encourage, if you are just waiting on a K-1, send everything else first, and then forward the K-1 when you get it.

And then we have the clients who won't get a K-1 until August, so we get the rest of the info in, prep the return, drop in an estimate number for the K-1, then give them a tax estimate for 4/15 extension and see them in August to wrap up.

It's the ones that show up on April 5th with a mess and then want the return filed on time that get a quick nope.