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Form 1120-S (Schedule K-1) for Queens New York: What You Should Know

Directed Shareholder Filing on Form 1120S Directed shareholder “filing” means a share owner who, at a time other than the initial filing date, files a return to elect to be treated as a shareholder, instead of as a shareholder of a partnership or S corporation. Form 1120-S (Current Year) — IRS Form Schedule K-1 — IRS (For information on filing your returns on paper, see Guide T5332.

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