S-Corp Filing Extension

[Patrick J.]

If you elect an extension for S-corp, would you just estimate your K-1 for your tax return and then be forced to file an amendment after you complete the 1120s?

[Basit Siddiqi]

@Patrick J.

What people normally do in this instance

1) File an S-corp extension
2) File an extension for your individual tax return. Estimate any taxes due with the return on April 15. Over-estimate your S-corp earnings when factoring in your extension payment
3) File S-corp return when all information comes in
4) File individual tax return when all information comes in