MelanieR53
Level 3

This may be more of an IRS question, but here goes. We have a small mistake on a Statement A-QBI for one of our S-Corps. Otherwise the return is correct. Is it necessary to amend the entire 1120S for this one small error? In my opinion it should be OK to just correct it manually on the 1040 K-1 Worksheet. However others in my office feel an amendment is needed. To me it seems like a lot of work to fix something that only shows up on the 1040 anyway. Either way, the 1040 taxpayer's tax liability remains the same. 

Thoughts? Input?

 

 

 

 

 

0 Cheers