Knowledge Center

Straightforward tax & financial advice.
Form 1120 s

Guide to IRS Form 1120-S: S-Corp Income Tax Return Simplified

Introduction IRS Form 1120-S, officially called the “U.S. Income Tax Return for S-Corporation,” may sound like a mouthful, but it is an essential income tax form for many S-corporation entrepreneurs. This form is used to report annual income, losses, deductions, credits, and other transactions. S-Corps, business entities elected to be treated differently for tax purposes, are exempt from paying corporate income tax at the company level. Instead, the income flows through to individual shareholders’ tax returns. If you own a …

Read More ⟶
  • All
  • Bookkeeping
  • C-Corp
  • Closing a Business
  • Delaware Incorporation
  • General
  • Reporting and Requirements
  • Starting a Business
  • State Taxes
  • Tax Forms & IRS

Business Tax Calendar

We’ve created this handy widget to keep track of important business tax deadlines for your startup that you can automatically add to your calendar. Get your…

hand pointing to date on calendar with pen

Start your financial journey on the right foot

Get $150 discount off your bookkeeping or tax package.