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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 1120-S Schedule K-1
for the current year.
IRS Form 1120-S Schedule K-1 Shareholder's Share of Income, Deductions, Credits, Etc.
What Is IRS Form 1120S Schedule K-1?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. The document is a supplement to IRS Form 1120S, U.S. Income Tax Return for an S Corporation. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 1120S Schedule K-1?
A: IRS Form 1120S Schedule K-1 is a form used by shareholders of an S corporation to report their share of income, deductions, credits, and other information.
Q: Who needs to fill out IRS Form 1120S Schedule K-1?
A: Shareholders of an S corporation need to fill out IRS Form 1120S Schedule K-1.
Q: What information is reported on IRS Form 1120S Schedule K-1?
A: IRS Form 1120S Schedule K-1 reports a shareholder's share of income, deductions, credits, and other information from an S corporation.
Q: When is the deadline for filing IRS Form 1120S Schedule K-1?
A: The deadline for filing IRS Form 1120S Schedule K-1 is usually March 15th, or the 15th day of the third month after the end of the S corporation's tax year.
Q: Are there any penalties for not filing IRS Form 1120S Schedule K-1?
A: Yes, there can be penalties for not filing IRS Form 1120S Schedule K-1, such as late filing penalties or accuracy-related penalties.
Q: Can I e-file IRS Form 1120S Schedule K-1?
A: Yes, you can e-file IRS Form 1120S Schedule K-1 using the IRS's e-file system.
Q: Do I need to attach IRS Form 1120S Schedule K-1 to my personal tax return?
A: No, you do not need to attach IRS Form 1120S Schedule K-1 to your personal tax return. However, you should keep it for your records.
Q: Can I get an extension to file IRS Form 1120S Schedule K-1?
A: Yes, you can file for an extension to file IRS Form 1120S Schedule K-1 using Form 7004.
Q: What should I do if there is an error on IRS Form 1120S Schedule K-1?
A: If there is an error on IRS Form 1120S Schedule K-1, you should correct it and file an amended form with the IRS.
Form Details:
- A 2-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 1120S Schedule K-1 through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 1120-S Schedule K-1 Shareholder's Share of Income, Deductions, Credits, Etc.
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