I have a s corp return where the only shareholder gifted his share to his brother in 2011. On his k1 i have the new name and address but i noticed the. Ss number is still the ss nuber that belpngs to the old shareholder. Do i need to amend this return to change that? Also there was no activity in this corp. Do i need to amend the new partners individual return and add the new k1 with the right ss number?
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wrong ss number on k1
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Originally posted by ardi600 View PostI have a s corp return where the only shareholder gifted his share to his brother in 2011. On his k1 i have the new name and address but i noticed the. Ss number is still the ss nuber that belpngs to the old shareholder. Do i need to amend this return to change that? Also there was no activity in this corp. Do i need to amend the new partners individual return and add the new k1 with the right ss number?
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