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Schedule K 1 P2 Partner S and Shareholder S Instructions Schedule K 1 P2 Partner S and Shareholder S Instructions Tax Illinois Form

Schedule K 1 P2 Partner S and Shareholder S Instructions Schedule K 1 P2 Partner S and Shareholder S Instructions Tax Illinois Form

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okay for this video i wanted to cover the irs schedule b1 that's included with the form 1120s tax return so i've got a sample uh b1 here and then a slide that covers some of the rules and the fact pattern that we're going to look at so the schedule b1 is used to report information on certain types of shareholders of an s corp okay so you have to include this if on the 1120s you answer yes to the question in schedule b which asks at any time during the year did you have a shareholder in the corporation that was a disregarded entity a trust estate or a nominee or similar person okay so let's look at an example where this this issue might arise john creates uh an llc consulting business llc which is a delaware limited liability company the llc is owned fifty percent by john and fifty percent by another llc called js investments okay so there's two owners now js investments llc is a single member llc that is a disregarded entity okay and it's

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