S-Corp Tax Return Preparation (Form 1120-S)

PUBLIC TAX, CORP prepares S-Corporation tax returns for small businesses across the United States. Work with us securely online from anywhere, or visit our Dunedin, Florida office.

What we help with

• Form 1120-S preparation with accurate reporting of income, deductions, and credits
• Schedule K-1s for shareholders
• Shareholder basis support (when needed for distributions, losses, and prior-year carryovers)
• Reasonable compensation guidance and coordination with payroll reporting
• Multi-state S-Corp support when your business operates or files in more than one state
• Year-round planning to reduce surprises and minimize IRS issues

 

Why business owners choose S-Corp taxation

Many owners consider S-Corp treatment to potentially reduce self-employment tax exposure compared with a sole proprietorship or partnership, while still receiving pass-through taxation. The right structure depends on your revenue, payroll needs, compliance burden, and long-term plans.

Common S-Corp filing issues we see

• Late or missing Form 1120-S filings
• K-1s not matching the business records
• Payroll / compensation not aligned with the “reasonable compensation” requirement
• Distributions taken without tracking basis
• Multi-state filings missed (or filed incorrectly)

 

Nationwide service (remote) + local office (Florida)

We serve clients nationwide using secure document exchange and remote consultations. If you prefer in-person help, our office is located at 1563 Main Street, Dunedin, FL 34698.