I'm using Turbotax Business and have finished my S-Corporation Taxes. I'm getting a notification that we have "Your Tax Refund" for overpayment and asks if I want to elect direct deposit of the corporation tax refund? Depositing the funds into the corporation bank account you designate. I'm so confused since I thought that S-corporations were tax at the shareholder level and refund would also go to the shareholder level / K-1's?
