I and a partner each own 50% of an S-corp. Each year we each get assigned a K-1 statement to include with each of our personal 1040 returns.
We don't get along lately and our corporate tax return has taken a long time to be finished the past couple of years, and will likely be the same this year, thus holding up each of our 1040 personal returns.
My question is: is it possible to file a 1040 on or before April 15, along with reporting my share of the income (dividends) from the corporation, and then forward the formal K-1 to the IRS at a later date? The bookkeeping is pretty straightforward and I know the dollar amount of what each of our 50% share will be, I just don't have the K-1 prepared because this will come later when I have meetings with the partner and an accountant prints out the corp's 1120 and its accompanying material such as the K-1s.
Thanks.