S Corp and Shareholders

[blondi372]

What is the name of your state? Georgia

I understand that when you file taxes as a S corp that taxes are passed through to the shareholders. What I am trying to figure out is how that is done? Is it based on the percent of shares the shareholder owns?

 

[Snipes5]

Income is passed through to S-Corp shareholders on form K-1(1120S). A K-1 is the S-Corp's income reporting document. The K-1 information is then included on the individual's personal tax return.

Yes, income from an S-Corp is passed proportionally to the owners based on number of shares held.

Snipes