• 4350 West Galena Road Lena, Illinois 61048

MEMBER UPDATE

K-1 Notice
With tax season under way we wanted to give you the following update.

We anticipate distributing the Adkins Energy LLC K-1s later in February this year for the following reasons:

  1. IRS has not yet issued clear rules about handling DPAD and QBID calculations for entities like Adkins that operate on a fiscal year.
    Potential legislation extending the Biodiesel fuels credit along with other expired tax credits would impact the Adkins K-1s also.
  2. We understand the need to get the K-1s distributed in a timely manner, but we also want to avoid having to distribute amended K-1s if Adkins’ tax return changes due to these issues beyond our control.

Please call with any questions and thank you for your patience.