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Posted

I have a new client who is an S-Corp Owner.  He gets his business taxes done somewhere else and wanted help on the individual side.  I have looked at his past 4 years of personal tax returns and have yet to see a K-1 form.  Can anyone explain how this could be?

Posted

If he has been doing his own 1040, maybe he got the K-1's and ignored it.  The distributions must have been small, or negative, otherwise he would have gotten a CP2000.

Posted

Client still has not shown me his business return from the previous year and his current year's business return is in progress.  My skepticism meter is at an all time high with this one.

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