Page 11 - Incorporatoin Services
P. 11
S-Corporation Shareholders Liability in IRS
Returns
Income Tax. Estimated
You must file Form 1040 or 1040-SR Estimated Tax.
and Schedule E and other forms for
Sch. K-1 income or losses You must use 1040-ES to calculate
T A
your estimated taxes for the year.
Responsibility S S-CORP X Reporting
Taxes. Schedule K-1.
Your final tax liability will be based on Form E You must include this schedule in
your personal tax Form 1040
1040 total income after all deductions &
business income & losses
Incomes
Employment Income.
You must report W2 income received
from your S-Corp in addition to Sch. K-1
