S Corp

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The Schedule K-1 is an Internal Revenue Service (IRS) tax form issued annually for an investment in partnership interests. The purpose of the Schedule K-1 is to report each partner's share of the partnership's earnings, losses, deductions, and credits.
Schedule K-1 is an Internal Revenue Service (IRS) tax form issued annually for an investment in a partnership. The purpose of the Schedule K-1 is to report each partner's share of the partnership's earnings, losses, deductions, and credits. The Schedule K-1 serves a similar purpose for tax reporting as a Form 1099.
Schedule M-1 is the section of the Form 1065 - U.S. Return of Partnership Income where the entity reconciles the income that the partnership is reporting on the tax return (Form 1065) to the income that the entity has on its accounting records or books.
Schedule M-2 - Analysis of Partner's Capital Accounts is the section in Form 1065 - U.S. Return of Partnership Income where the partnership reports to the IRS what caused the changes to the partners' capital accounts on the partnership's books and records.
Corporations file Schedule M-3 (Form 1120) to answer questions about the their financial statements and reconcile financial statement net income (loss) for the corporation to net and taxable income on Form 1120.