For S-Corporation, we prepare corporate income tax returns for federal and any required states.
IRS Form 1120S
As an S-Corporation, your income is reported on IRS Form 1120S.
IRS Form 1120S is use to report your business activity to the IRS by showing your gross receipts and business deductions against your sales.
We assist you with calculating your sales and expenses required to complete your IRS Form 1120S. We help you by either doing bookkeeping for you or providing you with expense forms that you can use to give us your figures.
Schedule K-1
Once IRS Form 1120S has been completed for your S-Corporation, Schedule K-1’s are issued to each shareholder. Schedule K-1 is used by the shareholder to report owner’s share of S-Corporation income on owner’s income tax returns.