![]() ![]() It is possible for a corporation to file for an extension, which adds six months to the March 15 filing date, by submitting IRS Form 7004. A corporation must record its financial activity and include this information on Form 1120S, as well as attach a Schedule K-1 per shareholder. This day typically lands on March 15, or the 15th of the third month of the year following the tax year's end. It is required for all S corporations to file their annual tax returns. The shareholders also pay the taxes on the profits and the losses.Īn S corporation is required to submit a number of forms related to the taxes withheld from employee wages to the IRS, including an annual informational income tax return. ![]() In turn, they report it on their individual tax returns. "Pass-through" entity means the income and losses of the corporation go directly to the shareholders. These taxes mainly relate to the wages that are paid to the company's employees. S corporations have to file an annual tax return, among a number of other documents, to the IRS. It includes the possibility of a six-month extension if you file Form 7004. The S corporation tax return due date falls on the same date each year, March 15. ![]()
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