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I purchased a S- corporation mid year and changed to a new…

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I purchased a S-...

I purchased a S- corporation mid year and changed to a new EIN number at that time. Do i need to file a return for both periods with the 2 different EIN numbers

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

Changed ownership of S-Corporation mid year. Do i file 2 different tax returns.

Accountant's Assistant: Is there anything else the Accountant should be aware of?

No that should be it.

Submitted: 1 month ago.Category: Tax
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3/15/2018
Tax Professional: Tax.appeal.168, Tax Accountant replied 1 month ago
Tax.appeal.168
Tax.appeal.168, Tax Accountant
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Tax Professional: Tax.appeal.168, Tax Accountant replied 1 month ago

In brief, you are only responsible for filing the tax return for the period that you owned the S-Corp. You do not have to file a tax return under the old EIN, only the EIN that was assigned to you.

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Customer reply replied 1 month ago
I was a partner in the previous period so i would be responsible for the previous period as well with my old partner correct.
Tax Professional: Tax.appeal.168, Tax Accountant replied 1 month ago

As a partner, you would report the income/expenses allocated to you from the Schedule K-1 of the partnership, which passes through to your personal 1040.

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