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Can you prepare a partial year tax return(1120-S)?

change of ownership(adding a shareholder) in late Feb
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2 Replies 2
IRonMaN
Level 15

But that doesn’t affect the corporate year at all.

ACME Taxes, Tatoos, Tires and Tomatoes (I had to get rid of the turtles - they kept running away)
sjrcpa
Level 15

Unless the new shareholder is not an eligible shareholder and the S election is blown.


ex-AllStar