S-Corp (1120S LLC) Help Request

[Crank]

I have only worked on 1040s for the past 15 years.

Last year (2010) a friend opened an ice cream shop and went to another CPA to have his 1120S & 1040 completed since I declined. Well, he didnt have a very good experience with this new guy and really wants me to do them this year so I decided to give it a shot.

He added a 2nd ice cream shop and another partner (3 partners total) in 2011

I have the 2010 returns and duplicated them in TRX (TaxWorks). It looks pretty straight forward except for a few state forms that were included last year but my program isnt requiring them, which puzzles me but they seem relatively insignificant and I can just add them if needed.

I assume I have to have the 1120S (Fed & State) completed and filed by 3/15 and then I can do the partners 1040s. Can the 1120s federal and state forms be efiled? Its in Pennsylvania.

Any tips, pointers, suggestions etc would be greatly appreciated!

Thanks

[grandmabee]

Well they are not partners if you are filing a 1120S they would be shareholders. Yes you can efile 1120S each state is different on corp returns. S-Corps may seem easy but they all have their quirks and you don't want to miss anything. I would do some studying on them before taking the client

[Crank]

Thanks for the reply.

Yep, got it., shareholders now that they elected an S-Corp. I am reading up all I can and going through some sample returns but I know no matter how much I research, its always a good idea to pick the brains of seasoned preparers.