IRonMaN
Level 15
01-05-2021
01:21 PM
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Filing on an 1120 for an 1120S entity is like filing a 1041 instead of a 1040 and calling it good. If they really want to be a Sub S when they grow up, they need to file an amended 1120 showing zeroes and and also file an 1120S.
Slava Ukraini!