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Posted by Harlan Lunsford on April 25, 2008, 11:42 am
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mich_b01 wrote:
> I have a new tax client this year
WHO
has a S corp. She is 100% owner of the S corp. and her previous
accountant did not file
a K-1 for the S corp for 2006. She still needs to file her 1120S
which we filed a request
for extension.
Okay, what's the question?
I assume you're talking first about tax year 2006.
Provided that both she and the S corporation are both your clients, All
you need to do is to take the 1120S the accountant prepared (and
presumably filed), add the schedule K-1 to it and send it to IRS marked
(Amended return.) And of course the corporation will give the owner a
copy also.
Filing the 1120S (WITH K1! (grin) for 2007 is a separate issue of course.
ChEAr$,
Harlan Lunsford, EA n LA
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