when should i receive my irs schedule k 1 
schedule k 1 forms are notorious for arriving late the irs says they are due by march 15 or the 15th day of the third month after the entity s tax year ends whether that means they need to be issued by then or to actually be in taxpayers hands by that date seems open to interpretation most authorities agree you should receive one by march 15 or the closest business day to that 12the bottom linea schedule k 1 is a federal tax form that pass through entities like partnerships and s corporations and sometimes trusts and estates send to their partners shareholders or beneficiaries the form reports the income losses and gains passed to each party with an interest in the entity this information is then used by the recipient to prepare their own tax returns 