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https://www.businessinsider.com/photo-irs-why-refund-checks-delayed-paper-unprocessed-tax-returns-2022-6 can you imagine - this is 1 office in a building of the IRS x how many centers - I wonder if this was the neatest one? I posted this for my clients that are waiting... for their 2021's to be done and their 2020's and amends and retention credits and D

And, a lot of high school kids listened to their friends and filed in the IRS portal for EIP3, which counts as a tax return. The kids get their free $1,400, but their parents' returns get rejected due to their dependent already filing a "return."

This is wrong. The estate would be the shareholder and simply get a K1 from the 1120S. The corporation was not dissolved.

I agree, S-corp is still going, shareholder is who died.

It depends, when do you want deal with the reduced deductions and the potential increase in taxable income, 2019 and 2020 by amending. Or if you choose the 3115 you get a 4 year forward spread.

There are two options. The default method is to prorate based on the number of days of ownership. You can also make a section 1377 election to close the books on date of death and allocate per the actual time period of ownership. You need to determine which method will result in the least amount of tax. If the S Corp has assets which will be liquidated (especially real estate) the liquidation of assets and dissolution of the Corp need to be coordinated in the same tax period of the shareholder. Otherwise you might end up with a gain in one year and loss from stock in the next year.

1120S filed for full year. 2 K-1’s issued, one to deceased for the period 1/1-DOD, 2nd to estate for the rest of the year.