S-Corp tax services
PUBLIC TAX, CORP prepares S-Corporation tax returns for small business owners nationwide. We focus on clean reporting, shareholder K-1 accuracy, reasonable compensation issues, owner basis, payroll coordination, and state filing requirements.
Complete Form 1120-S preparation for S-Corporations and LLCs taxed as S-Corporations, with careful review of income, deductions, credits, and filing requirements.
S-Corp owners need accurate shareholder reporting. We review K-1s, distributions, basis-related issues, and owner-level reporting concerns.
Shareholder-employees generally need reasonable compensation through payroll. We identify common payroll and distribution issues before they become IRS problems.
S-Corp taxation can be valuable, but it also creates compliance responsibilities. Payroll, distributions, K-1s, basis, state filings, and late filing penalties must be handled correctly.
The business files Form 1120-S and reports income, deductions, credits, and shareholder information.
Each shareholder receives a Schedule K-1 that must match the S-Corp records and ownership structure.
Active shareholder-employees generally need reasonable compensation paid through payroll.
State S-Corp filing requirements may apply based on operations, payroll, sales, or shareholder facts.
Many S-Corp problems are not caused by one mistake. They usually come from bookkeeping, payroll, owner distributions, and tax return reporting not matching each other.
We prepare late S-Corp returns and review facts for possible penalty response options.
We identify reasonable compensation concerns and coordinate tax filing with payroll records.
We review shareholder percentages, distributions, income allocations, and K-1 consistency.
We identify missing balance sheet, loan, contribution, asset, and distribution details before filing.
The process is built for business owners who want organized document collection, secure communication, and professional review before filing.
Create or log into your secure portal account and tell us about the S-Corp and filing year.
Upload P&L, balance sheet, payroll reports, shareholder details, prior return, and notices if any.
We review income, expenses, payroll, distributions, basis-related items, and missing information.
After review and authorization, we finalize Form 1120-S, provide K-1s, and e-file when available.
Exact requirements depend on your business activity, payroll, bookkeeping, ownership, and prior-year records, but these are the most common items.
Profit and loss statement, bookkeeping reports, income details, and business expense categories.
Balance sheet, loans, assets, depreciation schedules, shareholder loans, and liability details.
Officer W-2s, payroll summaries, payroll tax filings, and shareholder wage information.
Prior-year Form 1120-S, K-1s, depreciation schedule, state filings, and IRS/state correspondence.
Professional oversight
PUBLIC TAX, CORP is led by Vladislav Ignatchenko, EA, a federally licensed IRS Enrolled Agent with 16+ years of experience serving S-Corporations, LLCs, corporations, individuals, and business owners nationwide.
The goal is not only to file the return. The goal is to file the correct return, issue accurate shareholder K-1s, and reduce avoidable compliance risk.
Answers to common S-Corporation filing questions before you start.
An S-Corporation generally files Form 1120-S and issues Schedule K-1s to shareholders. The S-Corp itself usually passes income, deductions, credits, and other tax items through to owners.
A shareholder-employee who performs services for the S-Corporation generally needs reasonable compensation paid through payroll before taking distributions. The correct amount depends on the facts.
Yes. We prepare late S-Corp returns and review the situation for possible penalty response or abatement options when applicable.
Yes. We can review what you have, identify missing information, and explain what needs cleanup before the S-Corp return can be prepared accurately.
Yes. We serve S-Corporations nationwide through our secure portal for document upload, messaging, review, and electronic signatures.
We prepare S-Corporation tax returns for business owners in Dunedin, Clearwater, Palm Harbor, Largo, St. Petersburg, the Tampa Bay region, and clients across the United States through a secure remote workflow.
Local office. Nationwide business tax preparation capability.
Office: Dunedin, FL • Phone: +1 (727) 300-0208
