FORM 1120-S S CORPORATION TAX RETURN PREPARATION

Your Next Step: Provide Your S Corporation Documents

Your intake is complete. Now provide the corporate tax, financial, payroll and supporting documents needed to prepare your Form 1120-S and Schedules K-1 through our designated secure client portal.

Provide Your S Corporation Tax Documents

Provide the documents that apply, including:

Prior-year Form 1120-S
Prior-year Schedules K-1
Form 2553 or IRS S corporation acceptance notice, when relevant
Forms 1099 received by the corporation
Federal or state tax-payment records
State tax documents
IRS or state correspondence relevant to the return
Other applicable corporate tax documents

Provide Your Business Financial Records

Provide the applicable year-end records, including:

Profit and loss statement
Balance sheet
Business income records
Business expense records
Accounts receivable information, when applicable
Accounts payable information, when applicable
Inventory information, when applicable
Business loan and debt information
Asset and depreciation records
Records of assets purchased or sold during the year

Provide Your Shareholder Activity Records

Provide applicable records showing:

Shareholder ownership percentages
Shareholder contributions
Shareholder distributions
Shareholder loans to the corporation
Corporation loans to shareholders
Ownership changes during the year
Available shareholder basis information
Other information affecting Schedules K-1

Sensitive shareholder-identifying information should only be provided through the secure client portal.

Provide Applicable Payroll Records

If the corporation had employees or paid shareholder-employees, provide applicable records such as:

Forms W-2
Form W-3
Quarterly payroll tax returns
Year-end payroll reports
Shareholder-employee wage information
Records relating to outstanding payroll-tax issues, if applicable

Payroll correction, delinquent payroll filing and separate reasonable-compensation analysis are not automatically included in this service.

Are Your S Corporation Records Ready?

The $650 starting fee assumes the corporation's financial, payroll and shareholder records are sufficiently organized to prepare the tax return.

Bookkeeping, cleanup, financial-record reconstruction, shareholder basis reconstruction, payroll corrections or other substantial reconstruction work is not automatically included.

If additional work is required, we'll identify the additional scope and applicable fee before proceeding with that work.

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Additional Complexity May Change the Preparation Fee

The $650 starting price applies to a standard current-year Form 1120-S with up to two shareholders and up to two Schedules K-1.

Additional shareholders, multiple states, ownership changes, shareholder basis issues, incomplete records, payroll issues, significant depreciation, foreign activity or other complexity may require additional pricing.

Any additional scope and fee will be identified before that additional work proceeds.

Important: Your Tax Deadlines Still Apply

Purchasing tax preparation services, completing the intake or providing documents does not extend or suspend federal or state filing, payment or other tax deadlines.

If the corporation has an approaching deadline or has received a tax notice, notify Tax Control Group™ promptly.

Protect Your Sensitive Information

Your tax return and supporting documents may contain Social Security numbers, financial information and other sensitive taxpayer data.

Provide these documents only through the designated secure client portal. Do not send them through ordinary email.

What Happens After You Provide Your Documents?

1 — Document Review

We'll review the corporate, financial, payroll and shareholder information provided and determine whether additional information is needed.

2 — RETURN PREPARATION

Once the necessary information and applicable scope are confirmed, the Form 1120-S and applicable Schedules K-1 move into preparation.

3 — REVIEW, DOCUSIGN & FILING

When preparation is complete, the return will be reviewed and the appropriate authorized person will receive a DocuSign for required signatures before filing.

What If We Need Something Else?

If additional information or documentation is needed while preparing your return, Tax Control Group™ will contact you with the specific items required.

Use the client portal whenever requested information contains sensitive taxpayer or financial information.

Ready to Provide Your Documents?

Use the secure client portal to provide the documents needed to prepare your Form 1120-S and Schedules K-1.