Do I Need to Wait a Certain Period of Time to File my Personal Taxes Once My S-Corp's Taxes Have Been Filed?

Lighthouse · ‎March 14, 2020

I just filed our S-Corporation's business taxes. Is it best to wait a certain amount of time before I file my personal taxes? Does the IRS need a certain period of time to process my business tax filing prior to the submission of my family's personal taxes?

CarissaM · ‎March 14, 2020

There is no need to wait to file your personal tax return. You do need to use sch k1 generated by 1120S return on your personal return.

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jesse6-1 · ‎March 18, 2020

Thank you for your timely response! It's very helpful to receive a clear, concise response in such a short amount of time.

CarissaM · ‎March 18, 2020

You are very welcome! I hope you have a great day and stay safe and healthy!

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Do I Need to Wait a Certain Period of Time to File my Personal Taxes Once My S-Corp's Taxes Have Been Filed?