S Corporations
If your entity has a valid subchapter S election in place you will need to file form 1120-S.
The S Corporate tax structure has myriad requirements to qualify and retain S-Corporate status. The type of shareholders, operating agreement, transactions with shareholders, and other considerations must be adhered to in order to maintain a valid S-Election. Not doing so can result in costly tax results to shareholders and/or extensive professional fees to remedy.
Having a tax professional who understands the the issues involved can save you money and help avoid pitfalls in owning an S-Corporation. Consideration of items such as ยง179 elections, activity grouping elections, passive activities, qualified business income, shareholder basis/debt basis, shareholder distributions, and many other issues give rise to a great deal of complexity for even "simple" S-Corporation returns.
A deposit for services is required upon signing our engagement letter. This amount of the deposit is typically our minimum fee. Any additional fees are due upon delivery of the tax return. A fixed fee for services will be determined during onboarding after review of your prior year(s) return.