We provide tax preparation services for S-Corp businesses (Form 1120S). We help business owners file, submit your corporate excise tax, and get your K-1s.
S Corporation Owner Benefits
S Corporation owners can benefit by avoiding double taxation. However, they need to stay on the right side of the IRS. Areas that most businesses deal with such as salaries, distributions, fringe benefits, and stock ownership, must be carefully planned out. Worthax takes the guesswork out of finding the right tax preparation firm. We offer a premium service that business owners value, especially when it comes to S-Corp tax preparation.
Because S-Corp income flows onto your personal tax return, we offer year-round service that includes personal income tax planning. During the year, we monitor tax law changes, regulations and court rulings to properly service our clients’ tax needs. Our tax professionals attend professional technical training courses to stay up to date on the most current tax developments.
S-Corps face distinct tax restrictions that other business structures don’t have. Call us at 781-849-7200 to discuss the list of do’s and don’t for your S-Corp structure so you can meet your financial goals.
Tax Reform for S-Corps
Tax reform in on everyone’s mind these days. You may wondering how tax reform may affect your S-Corp. WorthTax offers all of our clients a complimentary tax consultation and we commit to guide you through the upcoming changes.
With that in mind, we especially encourage S-Corp business owners to contact us early in the year because there are multiple elections such as change of accounting elections and C-Corp elections that due by March 15th for most taxpayers and there are a number of pending provisions that dramatically impact S-Corp taxation in particular.
S Corporation Tax Deadline
The deadline for filing your S Corp tax return (Form 1120S) was changed to March 15th last year. This is a major change that may catch S-Corp owners off guard. WorthTax commits to keeping your business in compliance with the IRS.