1120S & K-1 Mailing Question

[Crank]

I am about file my first 1120S and I thought that previously I saw a check box in TRX Pro to have the K-1's sent to the preparer instead of the sharholders but now that I am double checking the return I cant locate that option.

Did I imagine this or does such an option exist in TRX Pro?

Am I responsible for sending the K-1's to the shareholders or will the IRS do that when the return is filed and accepted?

Thanks for the replies

[ed_accountant]

The corporation is responsible to send the K-1s to the shareholder. The IRS will not. The standard letter to the Corporation states "please distribute the K-1s to the shareholders".

Print the K-1s to the shareholders and forward to the corporate to distribute to the shareholders...

[Crank]

Thank you!