After you file

If you are not going to seek help from a local professional and you are going to clear up this mess yourself ...

 

Step 1 -  when you applied for the EIN you must have chosen the S-Corp option which requires you to file an 1120-S form not just a Sch C on the from 1040.  Check the IRS notice you should have received telling you this. 

 

Step 2 - file the 1120-S as required then when the IRS sends the penalty notice ask for forgiveness siting your ignorance  of the requirement ... they usually forgive you the fist time you file late.  

 

Step 3  -  amend the personal return adding the K-1 form from the 1120-S and remove the incorrect Sch C. 

 

The 1120-S requires the TT Business program to complete it :  https://turbotax.intuit.com/small-business-taxes/

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