MargaretMort Posted April 15, 2009 Report Posted April 15, 2009 Well, I did it again, the question I wrote went off into la-la land so I will start over. In 2003 my client and his brother sold a lot. I misunderstood the sale and never reported it. He has been taking the interest paid each year. This year I realized that I had totally screwed up. I plan to go back and amend from 2003 forward, have the 2008 on extension. Now, I wonder if the IRS will accept the 6252 or if I will need to amend the 2003 and show the entire profit. I will pay the penalty and interest, of course, but I am sure he would rather pay over time. Any help or guidance is most appreciated. MM Quote
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