B. Complete Falcons's Form 1120-S, Schedule K, for year 2.

Visit the IRS website and download Form 1120-S, Schedule K. Enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking "Browse." Next, click "Save."

C. Complete Milanias 1120-S, Schedule K-1, for year 2.

Visit the IRS website and download Form 1120-S, Schedule K-1. Enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking "Browse." Next, click "Save."

Required information [The following information applies to the questions displayed below.] Julio and Milania are owners of Falcons Corporation, an S corporation. Each owns 50 percent of Falcons Corporation. In year 2, Julio and Milania each received distributions of $25,000 from Falcons Corporation. b. Complete Falcons's Form 1120-S, Schedule K, for year 2. Next, click "Save." upload a response file (15MB max) Required information [The following information applies to the questions displayed below.] Julio and Milania are owners of Falcons Corporation, an S corporation. Each owns 50 percent of Falcons Corporation. In year 2, Julio and Milania each received distributions of $25,000 from Falcons Corporation. Complete Milania's 1120S, Schedule K-1, for year 2. ext, click "Save." upload a response file (15MB max) No file chosen