Business, Legal & Accounting Glossary
U.S. Income Tax Return for an S Corporation. This form is used to report the income, losses and dividends of S corporation shareholders. It is essentially the tax return for an S corporation. It is also a part of the Schedule K-1 document. The form is prepared for each individual shareholder and it identifies the percentage of company shares owned by the individual for that tax year.
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This glossary post was last updated: 13th November, 2021 | 0 Views.