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- Returns Needed for Deceased S-Corp Shareholder - TaxProTalk
The surviving spouse closed on the sale of all assets of the S corporation during January 2024 so the 2023 1120-S cannot be the final return because an 1120-S will need to be filed for 2024 to report the capital gain for sale of the assets
- Instructions for Form 1120-S (2024) - Internal Revenue Service
If the S corporation election was terminated during the tax year and the corporation reverts to a C corporation, file Form 1120-S for the S corporation's short year by the due date (including extensions) of the C corporation's short year return
- How to file a 1120s when one shareholder died. - Intuit
The S-Corp is a stand-alone entity; the death of a shareholder does not affect the S-Corp's filing requirements so you would still only file one 2017 Form 1120-S
- S Corp Change in Ownership After a Shareholder’s Death
Understand the procedures for handling an S corp ownership transition after a shareholder's death to ensure compliance and preserve the entity's tax status
- S Corp Filing Deadline 2025: File Form 1120-S On Time
Learn how to meet the S Corp Filing Deadline 2025 File Form 1120-S accurately, avoid IRS penalties, and keep your S Corporation in good standing
- Form 1120S Instructions and Who Has to File It (2025) - Investguiding
What Is Form 1120S? The five-page Form 1120S is essentially your business’s tax return When a business is taxed as a sole proprietorship, its profit and loss is reported on Schedule C In an S-Corp, Form 1120S replaces Schedule C as the way the business’s profit or loss is reported to the IRS
- How to do a final return for an s-corp after the death of one of the s . . .
When should the final return for the s-corp be filed (2022 or 2023) and how to alocate the income between the two shareholders? Just because a shareholder dies doesn't mean that they dragged the corporation to the grave with them As long as there is a living, breathing shareholder, the corporation is still alive
- IRS Form 1120-S: Essential Guide for S-Corporations in 2025
This guide delves into the essentials of Form 1120-S, highlighting key updates, filing requirements, and practical tips to streamline the process, including considerations related to business taxes
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