Anonymous
Not applicable

Business & farm

the answer is still the same as previously provided.  each entity should report only its own income and deductions.  

 

no they can't shift.     they would be violating the tax laws by intentionally issuing 1099's to the wrong party.

 

the big issue is self-employment taxes that you and your partner owe on the partnership's income.  even if they issue the 1099's  only using the S-Corp EIN number, you have a responsibility to ask that they be corrected.       

 

as i said you still need to file a final partnership return.  if you don't expect a notice from the IRS.

 

you and your partner are are trying to avoid SE taxes.    don't know the amount involved but the higher the amount the more risk you run if caught.   

 

if you wish to pursue your desire to have everything reported by the S-Corp you should consult with a tax pro and seek further guidance