S Corporation Tax Return - Form 1120S
Professional S Corporation tax filing services for pass-through entity taxation
What is Form 1120S?
Form 1120S is the U.S. Income Tax Return for an S Corporation. S Corporations are pass-through entities that combine the liability protection of a corporation with the tax benefits of a partnership.
Key Features
- • Corporate income and expenses
- • Shareholder basis tracking
- • Schedule K-1 preparation
- • Officer compensation
- • Distributions and contributions
- • Built-in gains tax
Our S Corporation Tax Services
Comprehensive tax preparation and compliance services for S Corporations
Form 1120S Preparation
Complete preparation of S Corporation tax returns with all required schedules.
- • Form 1120S preparation
- • Schedule K preparation
- • Schedule L (Balance Sheet)
- • Schedule M-1 reconciliation
- • Schedule M-3 (if required)
Shareholder K-1 Preparation
Accurate preparation of Schedule K-1 for each shareholder.
- • Individual K-1 preparation
- • Shareholder basis calculations
- • Distribution tracking
- • Stock basis maintenance
- • Multi-state K-1s
S Corporation Accounting
Comprehensive accounting services for S Corporation operations.
- • Bookkeeping services
- • Financial statement preparation
- • Shareholder equity tracking
- • Cash flow management
- • Budget planning
Compliance & Audit
Ensuring full compliance with S Corporation tax regulations.
- • IRS audit representation
- • Corporate governance review
- • State tax compliance
- • Penalty abatement
- • Regulatory updates
Year-Round Support
Ongoing support for S Corporation tax matters.
- • Quarterly tax planning
- • Estimated tax payments
- • Corporate restructuring
- • New shareholder admissions
- • Corporate dissolution
Strategic Planning
Tax-efficient strategies for S Corporation growth.
- • Entity structure optimization
- • Officer compensation planning
- • Distribution strategies
- • Exit planning
- • Succession planning
Our S Corporation Tax Process
Streamlined process for accurate S Corporation tax preparation and filing
Financial Review
We review your S Corporation's financial records and transactions.
Form 1120S Preparation
Complete preparation of your S Corporation tax return.
K-1 Generation
Preparation of Schedule K-1 for each shareholder.
Filing & Distribution
Electronic filing and K-1 distribution to shareholders.
Frequently Asked Questions
What is the deadline for Form 1120S?
Form 1120S is due on March 15th (or the 15th day of the 3rd month after the end of the tax year). We can help with extensions if needed.
Do S Corporations pay income tax?
S Corporations are pass-through entities and generally don't pay federal income tax. Instead, income, deductions, and credits flow through to individual shareholders via Schedule K-1.
What are the requirements for S Corporation status?
S Corporations must have 100 or fewer shareholders, only one class of stock, and shareholders must be individuals, certain trusts, or estates. Non-resident aliens cannot be shareholders.
How much does S Corporation tax preparation cost?
Pricing varies based on complexity, number of shareholders, and services required. Simple S Corporations start at $800, while complex multi-state corporations may cost $3,000 or more.
Ready to File Your S Corporation Tax Return?
Get professional Form 1120S preparation with accurate K-1 schedules for all shareholders
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