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- Re: Do the total shares still need to be reported for an 1120-S?
Do the total shares still need to be reported for an 1120-S?
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david3
Level 7
03-02-2022
07:30 PM
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One of the 2021 new requirements for an 1120-S was that total shares outstanding needed to be reported. Last month PS required that we complete that information.
However, now the total shares outstanding isn't required.
Did the IRS change that requirement when they changed the K-2 and K-3 requirement and I somehow missed that? I can't find the answer anywhere.
I have filed some 1120-S returns and didn't enter the total shares since it didn't pop up as an error. I didn't even think of the new requirement until now. Hope that won't be a problem for those returns already filed.
Thanks.
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qbteachmt
Level 15
03-03-2022
10:33 AM
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Are you signed up for IRS e-newsletters? Yes, the IRS has a transitional relief:
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
david3
Level 7
03-03-2022
03:16 PM
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Thank you.
Yes, I receive the IRS e-newsletter and I knew about the relief for K-2s and K-3s.
I was asking about the requirement to list the number of shares outstanding for S Corps.
