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Used the online self-employed to file taxes and then realized we needed to use Business as we are LLC filing as Scorp. Already bought the business - how do I amend?
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Used the online self-employed to file taxes and then realized we needed to use Business as we are LLC filing as Scorp. Already bought the business - how do I amend?
You can't transfer the data between a personal tax product (Self-Employed) and an entity product (Business). You might be able to reimport from Quick Books, but you can't move from SE Online to Business.
The Business return (1120-S) should be efiled as an original return, as it is not an amendment. You will need to amend your personal returns (federal and state) if they were already accepted.
I would recommend that you print your Schedule C and related worksheets and forms and use that to get through the S Corp data entry faster.
When you are done with your Scorp return:
- you will amend your personal return. Start the amendment process from the Tax Timeline
- remove the Schedule C, and all entries from the Business tan/ Business Income and Expenses
- Add just the K1 that you receive with your SSN on it.
- Finalize and mail the amendment
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Used the online self-employed to file taxes and then realized we needed to use Business as we are LLC filing as Scorp. Already bought the business - how do I amend?
You can't transfer the data between a personal tax product (Self-Employed) and an entity product (Business). You might be able to reimport from Quick Books, but you can't move from SE Online to Business.
The Business return (1120-S) should be efiled as an original return, as it is not an amendment. You will need to amend your personal returns (federal and state) if they were already accepted.
I would recommend that you print your Schedule C and related worksheets and forms and use that to get through the S Corp data entry faster.
When you are done with your Scorp return:
- you will amend your personal return. Start the amendment process from the Tax Timeline
- remove the Schedule C, and all entries from the Business tan/ Business Income and Expenses
- Add just the K1 that you receive with your SSN on it.
- Finalize and mail the amendment
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Used the online self-employed to file taxes and then realized we needed to use Business as we are LLC filing as Scorp. Already bought the business - how do I amend?
I got charged twice as well. next year going to accountant, he was crappy but cheaper
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