IRS Form 1120-S
U.S. S-Corporation Tax Return Preparation
$1000
- Form 1120-S Preparation U.S. S-Corporation income tax return
- All Required Schedules Schedules K, K-1, L, M-1, M-2 (as applicable)
- Shareholder K-1 Preparation Individual Schedule K-1 for each shareholder
- Income, Deductions & Payroll Review
- Federal Filing & E-Filing (when eligible)
- Shareholder Distribution Reporting
Who is this for?
Complete federal tax filing for U.S. S-Corporations
If your business has elected S-Corporation status, you are required to file Form 1120-S annually, even if there was no profit.
S-Corporations are pass-through entities, meaning income flows to shareholders through Schedule K-1. Proper reporting requires accurate income allocation, balance sheet reconciliation, and shareholder distribution tracking. We ensure your return and K-1s are prepared accurately and on time.
Why 1040 Abroad?
Trust the experts
Transparent flat rates
You know exactly what you pay for before we get started. There are no hidden fees or any other surprises on the final bill
20+ years of shared experience
Our experience allows us to handle even the most complex tax situations with accurate and reliable solutions
Security and data encryption
Privacy is the key for us. We use the highest level of encryption that’s on the level as big financial institutions.
Up to date knowledge
In order to give you the best care we can. Our experts complete continuing education every year to stay up to date.
Frequently asked questions
When is Form 1120-S due?
Form 1120-S is generally due on the 15th day of the 3rd month after the corporation’s year-end (March 15 for calendar-year corporations). Extensions are available if filed on time.
Does an S-Corporation pay federal income tax?
Generally, no. S-Corporations are pass-through entities. Income, deductions, and credits flow through to shareholders via Schedule K-1 and are reported on their individual returns.
What is a Schedule K-1?
Schedule K-1 reports each shareholder’s share of income, deductions, and distributions. Each shareholder must receive a K-1 to properly file their individual tax return.
Do I still need to file if the corporation had no activity?
In most cases, yes. An annual filing is still required to maintain compliance.
