Schedule K-1 (Form 1120-S)
Schedule K-1 (Form 1120-S)
Shareholder’s Share of Current Year Income, Deductions, Credits, and Other Items
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What Is Schedule K-1 (Form 1120-S)?
Form 1120-S, U.S. Income Tax Return for an S Corporation, is an informational document that lets the Internal Revenue Service (IRS) know how much income your business made and how much tax you owe.
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