IRS Releases Draft Instructions for S Corporation Income Tax Return Form 1120S

November 5, 2014

IRS has released draft Instructions for Form 1120S, U.S. Income Tax Return for an S Corporation. These instructions detail some new requirements for S corporations. This form can only be filed where Form 2553, Election by a Small Business Corporation, has been filed or is attached to their return. The instructions can be accessed here.


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