Accepted Answer

Hello XXXXXXXXXX,



Naturally, it is never a good idea to file a return when you do not have all of the information you yet need. However, if you do not file a return by the due date or extended filing date, then in addition to any taxes that you may owe, you would also be hit with a late filing penalty.



If you go ahead and file now, you should just be prepared to file an amended return as soon as you have all the required information available. If the amended return results in more tax being due, you will also have to pay penalties and interest for late payment, but would at least avoid the late filing penalty.



Attaching a letter to your return to explain the circmstances would be appropriate, although it will not relieve you of your obligations to eventually file the corrected return. In the event that the IRS questions your situation, be sure to keep detailed records of the audit you are having done and anything else you have attempted to resolve this matter, so that you can show you have demonstrated a good faith effort to resolve this as quickly as possible.



If I were you, I would ask your Director to sign the returns once they are prepared, and he should also be the one writing the statement of explanation to accompany the return.



If this was helpful please press the Accept button. Positive feedback is also appreciated.



Thank you.

Expert:	Merlo
Pos. Feedback:	99.8 %
Accepts:
Answered:	1/20/2009

Accountant

25+ years tax consulting. Specializing in returns for US citizens living abroad