Shareholder Information > Schedule B1 tab

Alerts and notices
Leave feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to transmit e-files from CS Connect. Find out more.

Use this tab to enter information to complete Schedule B-1 (Form 1120S), Information on Certain Shareholders of an S Corporation. Schedule B-1 applies when the owner of record of the S Corporation stock is a disregarded entity, a trust, an estate, or a nominee or similar person during the tax year.

To update Schedule B-1 information, open the Shareholder Information window, then click the Schedule B-1 tab.

Fields & buttons

General information group box

If the shareholder entered on the Shareholder tab is the owner of record of the S Corporation stock, and is not the same as the beneficial owner of the stock, select Owner of record from the attached drop-down list. Enter the SSN/EIN and name of the beneficial owner of the S Corporation stock in the Owner of record or beneficial owner group box.

If the shareholder entered on the Shareholder tab is the beneficial owner of the S Corporation stock, and is not the same as the owner of record of the stock, select Beneficial owner from the attached drop-down list. The beneficial owner is the person or entity that controls the stock and reaps the benefits of stock ownership. Enter the SSN/EIN and name of the owner of record of the S Corporation stock in the Owner of record or beneficial owner group box.

Owner of record or beneficial owner group box

Enter the SSN or EIN of the owner of record of the S Corporation stock, if the shareholder entered on the Shareholder tab is the beneficial owner of the stock, and is not the same as the owner of record.

Enter the SSN or EIN of the beneficial owner of the S Corporation stock, if the shareholder entered on the Shareholder tab is the owner of record of the stock, and is not the same as the beneficial owner. The beneficial owner is the person or entity that controls the stock.

If the owner of record or beneficial owner is a grantor trust and does not have an EIN, leave this field blank and enter the name of the grantor trust in the field Grantor Trust name.

Enter the name of the owner of record of the S Corporation stock, if the shareholder entered on the Shareholder tab is the beneficial owner of the stock, and is not the same as the owner of record.

Enter the name of the beneficial owner of the S Corporation stock, if the shareholder entered on the Shareholder tab is the owner of record of the stock, and is not the same as the beneficial owner.

If the owner of record or beneficial owner is a grantor trust and does not have an EIN, enter the name of the grantor trust in this field.

Owner of record group box

Enter the entity type of the owner of record of the S Corporation stock, if the beneficial owner is not the owner of record.

Share This