S Corporation Tax Returns
(Form 1120-S)
Accurate preparation of S Corporation federal and state returns — with K-1 schedules for every shareholder and full built-in gains analysis where applicable.
Federal Form
Shareholder Schedules
State Returns
Complete S Corporation
Tax Return Coverage
From the federal 1120-S to shareholder K-1s and state returns — we prepare every element of your S Corporation filing with accuracy and clarity.
Federal S Corporation Return
Complete preparation of Form 1120-S — income, deductions, credits, and all required schedules including Schedule B, D, and E.
Schedule K-1 per Shareholder
Accurate K-1 preparation for each shareholder — allocating ordinary income, separately stated items, and basis information in line with ownership percentages.
Book-to-Tax Workpapers & M-2
Workpapers covering all book vs. tax differences, M-1 adjustments, and AAA / OAA reconciliation on Schedule M-2.
Built-In Gains Tax Analysis
BIG tax calculation for C-to-S conversions within the recognition period — identifying exposure and strategies to minimise corporate-level tax.
State S Corporation Returns
State-level S Corporation returns and composite filings across 50+ states — handling state-specific election requirements and apportionment correctly.
Shareholder Basis Schedules
Annual shareholder stock and debt basis calculations — essential for loss limitation rules, distributions, and exit planning.
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