#Good news! The IRS has extended the tax deadline to April 18th! As long as you submit your federal return by midnight on 4/18/2018, you won't be considered a late filer for your federal return. Direct debit tax payments that are submitted with your federal return (or on the IRS website) by 4/18 are also considered timely filed ×

I am a shareholder but didn't get a K-1. What should I do?

Another legal form your business can take is an S Corporation.

With an S Corp, the corporate income, losses, deductions, and credits are passed through to the shareholders for federal tax purposes. The S Corp uses Schedule K-1 to report each shareholder’s share of income, deductions, credits, etc. Each shareholder of an S Corp should receive a Schedule K-1 as well when the S Corp tax return is filed.

You may need to report this info on your own return on page 2 of Schedule E.

You can enter the information from your Schedule K-1 on Credit Karma Tax here.

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