§ 6037 Return of S corporation

OLRC 119-134 · eCFR 2026-10-19 · 4 regs · 4 amending Acts · cited by 4 sections

Enacted 1958 · Pub. L. 85-866 Amended · 4 Acts

19581976198219841996(a) In general(b) Copies to shareholders(c) Shareholder’s return must be consistent with corporate return or Secretary notified of inconsistency
Prior provisions 1
  • A prior section 6037 was renumbered section 6040 of this title.
Connections Cited by 4 · Cites 2
§ 6037 Return of S corporation
§ 1.6037-1 Return of electing small business corporation.§ 1.6037-2 Required use of electronic form for income tax returns of electing small business corporations.§ 301.6037-1 Return of electing small business corporation.§ 301.6037-2 Required use of electronic form for returns of electing small business corporation.Prop. § 301.6037-2 Proposed 2026 · Required use of electronic form for returns of electing small business corporation.
Amended 1976, 1982, 1984
  • 1984 Pub. L. 98-369 Pub. L. 98–369 designated existing provisions as subsec. (a) and added subsec. (a) heading and subsec. (b).
  • 1982 Pub. L. 97-354 Pub. L. 97–354 substituted “S corporation” for “electing small business corporation” in section catchline, substituted “Every S corporation” for “Every electing small business corporation (as defined in section 1371(b))”, and substituted “each shareholder’s pro rata share of each item of the corporation for the taxable year, and such other information” for “and such other information”.
  • 1976 Pub. L. 94-455 Pub. L. 94–455 substituted “section 1371(b)” for “section 1371(a)(2)” and struck out “or his delegate” after “Secretary”.

Cases: Rubin v. United States, 904 F.3d 1081 (9th Cir. 2018)

Forms: Form 1120-S; Form 1120S; Form W-2; Form 1099-DIV

Final rules 3

    (a) In general Every S corporation shall make a return for each taxable year, stating specifically the items of its gross income and the deductions allowable by subtitle A, the names and addresses of all persons owning stock in the corporation at any time during the taxable year, the number of shares of stock owned by each shareholder at all times during the taxable year, the amount of money and other property distributed by the corporation during the taxable year to each shareholder, the date of each such distribution, each shareholder’s pro rata share of each item of the corporation for the taxable year, and such other information, for the purpose of carrying out the provisions of subchapter S of chapter 1, as the Secretary may by forms and regulations prescribe. Any return filed pursuant to this section shall, for purposes of chapter 66 (relating to limitations), be treated as a return filed by the corporation under section 6012.

    Cases: Bufferd v. Commissioner, 506 U.S. 523 (1993); United States v. Pirro, 212 F.3d 86 (2d Cir. 2000)

    Cited by 4

      (b) Copies to shareholders Each S corporation required to file a return under subsection (a) for any taxable year shall (on or before the day on which the return for such taxable year was filed) furnish to each person who is a shareholder at any time during such taxable year a copy of such information shown on such return as may be required by regulations.

      Cited by 8

        (c) Shareholder’s return must be consistent with corporate return or Secretary notified of inconsistency

        Amended 1996
        Cited by 1

          (1) In general A shareholder of an S corporation shall, on such shareholder’s return, treat a subchapter S item in a manner which is consistent with the treatment of such item on the corporate return.

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            (2) Notification of inconsistent treatment

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              (A) In general In the case of any subchapter S item, if—

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                (i)

                “In the case of any subchapter S item,” Enclosing § 6037(c)(2)(A)
                Textual readingANY OF= inconsistency or no corporate return

                (I) the corporation has filed a return but the shareholder’s treatment on his return is (or may be) inconsistent with the treatment of the item on the corporate return, or

                Cited by 1

                  (II) the corporation has not filed a return, and

                  (ii) the shareholder files with the Secretary a statement identifying the inconsistency,

                  Cited by 2

                    paragraph (1) shall not apply to such item.

                    (B) Shareholder receiving incorrect information A shareholder shall be treated as having complied with clause (ii) of subparagraph (A) with respect to a subchapter S item if the shareholder—

                    (i) demonstrates to the satisfaction of the Secretary that the treatment of the subchapter S item on the shareholder’s return is consistent with the treatment of the item on the schedule furnished to the shareholder by the corporation, and

                    (ii) elects to have this paragraph apply with respect to that item.

                    (3) Effect of failure to notify In any case—

                    (B) in which the shareholder does not comply with subparagraph (A)(ii) of paragraph (2),

                    any adjustment required to make the treatment of the items by such shareholder consistent with the treatment of the items on the corporate return shall be treated as arising out of mathematical or clerical errors and assessed according to section 6213(b)(1). Paragraph (2) of section 6213(b) shall not apply to any assessment referred to in the preceding sentence.

                    (4) Subchapter S item For purposes of this subsection, the term “subchapter S item” means any item of an S corporation to the extent that regulations prescribed by the Secretary provide that, for purposes of this subtitle, such item is more appropriately determined at the corporation level than at the shareholder level.

                    (5) Addition to tax for failure to comply with section For addition to tax in the case of a shareholder’s negligence in connection with, or disregard of, the requirements of this section, see part II of subchapter A of chapter 68.