S Corp Tax Preparation
Using information from your accounting records, we prepare Form 1120S, U.S. Income Tax Return for an S Corporation. Gross receipts, wages, expenses and allowable deductions. As it is a pass through entity we also prepare a Schedule K-1, which details the income, deductions and credit amounts apportioned to each shareholder in the company. And documents needed are
State Withholding Return. State Unemployment Return. Shareholder’s Share of Income, Deductions, Credits, etc. (Schedule K-1).Local Earned Income Tax (EIT) withholding return., Income Tax Return for an S Corporation (Form 1120S).Federal Unemployment (FUTA) Tax (Form 940).Employer's Federal Quarterly Tax Return (Form 941).