Tax preparation · Form 1120-S · Houston, TX

S corporation tax preparation, done from the books.

An S corporation return is more than reporting annual revenue and expenses. Form 1120-S covers the corporation's taxable activity, balance-sheet information where required, shareholder details, and the Schedule K-1 that flows to each shareholder's personal return. Get any of those wrong and the error lands on the owner's 1040.

Discuss Your S Corporation Return Starting at $1,750

What the engagement covers

Every part of the return, reviewed.

Officer compensation and shareholder activity are the two areas that draw the most attention on an S corporation. We look at both before filing, not after a notice arrives.

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S corporation checklist

What to have ready.

Before Form 1120-S can be completed efficiently, the corporation should have reliable year-end books. If yours are not there yet, we will tell you what cleanup is needed first.

See cleanup & catch-up →

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Better books make S corporation returns easier

When we also maintain the corporation's bookkeeping, the year-end process is significantly more efficient, because we already understand the activity behind the return. No reconstructing a year in March.

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The shareholder's side

The K-1 has to match the 1040.

Preparing the corporate return and the shareholders' personal returns through the same firm keeps information from going missing between the two — and means distributions, basis, and compensation are looked at as one picture.

Individual tax preparation

Form 1120-S is generally due March 15, or the next business day when that falls on a weekend. Extended returns are due September 15. Filing late carries a penalty charged per shareholder, per month.

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Let's look at the year before March.

Send us last year's return and your current financial statements. We will tell you what this year's filing involves and what it costs before any work begins.

Discuss Your S Corporation Return