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S corporation, owned by Father and Son, each owns 50%. No employees.  Which 5500 should be filed?  EZ or SF?  I am getting lost in the EZ instructions language:

"2. Covers only one or more partners (or partners and their spouses) in a business partnership (treating 2% shareholder of an S corporation, as defined in IRC §1372(b), as a partner);"

Posted
11 minutes ago, truphao said:

S corporation, owned by Father and Son, each owns 50%. No employees.  Which 5500 should be filed?  EZ or SF?  I am getting lost in the EZ instructions language:

"2. Covers only one or more partners (or partners and their spouses) in a business partnership (treating 2% shareholder of an S corporation, as defined in IRC §1372(b), as a partner);"

EZ.  Both are 2% S Corp shareholders so you treat them as partners.

 

 

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