File taxes before K-1?

[Michael Gee]

Hi all,

Can I file my taxes without having to wait for our K-1?  My accountant will most likely file an extension for our partnership this year but I have W-2 income I'd like to file to get my refund back so not sure if I should file on my own and amend later if that's an option.  

[Eamonn McElroy]

@Michael Gee

"I guess I thought I'd save money"

How would you save money by having to prepare four returns instead of two?

If you're using a tax preparer they're going to charge you to do the amended federal and amended state return.

If you don't have all source docs required to file a complete and accurate return by April 15th it's generally advisable to file an extension.