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capparks
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I own a S Corp. Which return do I use?

 
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EricG1
New Member

I own a S Corp. Which return do I use?

Similar to a partnership, S corporations must file an annual tax return on Form 1120S.The S corporation provides Schedule K-1s that reports each shareholder’s share of income, losses, deductions and credits. The shareholders use the information on the K-1 to report the same thing on their separate tax returns. You can use Premier or Self-Employed.


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EricG1
New Member

I own a S Corp. Which return do I use?

Similar to a partnership, S corporations must file an annual tax return on Form 1120S.The S corporation provides Schedule K-1s that reports each shareholder’s share of income, losses, deductions and credits. The shareholders use the information on the K-1 to report the same thing on their separate tax returns. You can use Premier or Self-Employed.


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