Crank Posted March 7, 2012 Report Share Posted March 7, 2012 I am about file my first 1120S and I thought that previously I saw a check box in TRX Pro to have the K-1's sent to the preparer instead of the sharholders but now that I am double checking the return I cant locate that option. Did I imagine this or does such an option exist in TRX Pro? Am I responsible for sending the K-1's to the shareholders or will the IRS do that when the return is filed and accepted? Thanks for the replies Quote Link to comment Share on other sites More sharing options...
ed_accountant Posted March 8, 2012 Report Share Posted March 8, 2012 The corporation is responsible to send the K-1s to the shareholder. The IRS will not. The standard letter to the Corporation states "please distribute the K-1s to the shareholders". Print the K-1s to the shareholders and forward to the corporate to distribute to the shareholders... Quote Link to comment Share on other sites More sharing options...
Crank Posted March 8, 2012 Author Report Share Posted March 8, 2012 Thank you! Quote Link to comment Share on other sites More sharing options...
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