S-Corporation Taxes? File it Smarter with AItomatic Precision
File Form 1120-S in minutes, not hours. Maximize savings and stay IRS-compliant with the best software for S corporations tax filings.
What’s Form 1120-S, and
Why Does It Matter?
Form 1120-S is the tax return S Corporations use to report income, deductions, and distributions. Filing it correctly keeps your business compliant and helps you avoid IRS penalties.
Income and Expenses
Stay compliant and maximize deductions
Shareholder Distributions
Pass profits to shareholders without double taxation.
Federal Compliance
Avoid IRS penalties that cost up to $210 per month, per shareholder.
If you’re an S-Corp, this form is non-negotiable—but it doesn’t have to be stressful.
What Information Do You Need to File Form 1120-S?
Ready to File? Here’s Your Checklist.
Information Required to File 1120-S
Gather these essentials before you begin
- Financial Records: Income, expenses, receipts, and invoices.
- EIN and Corporate Details: Business name, address, and tax year.
- Shareholder Info: Contributions and allocations for Schedule K-1.
- Proof for Deductions: Like wages, rent, and utilities.
Keep these organized, and X TAX will do the heavy lifting with its tax software for S corporations
Save Hours, Not Minutes
Adapt the AI-tomatic way and cut filing time by more than half.
Get Every Dollar You Deserve
No deduction or credit is overlooked.
Stay Stress-Free
Built-in compliance checks to keep you IRS-ready.
Expert Assistance
When things get tricky, our experts have your back.
AI-tomatic Features for Maximum Returns
Let us take care of your tax filings AI-tomatically so you can focus on your business
Audit Protect
- Real-Time Monitoring: Track your IRS business tax account live.
- Full Coverage: Protect your returns with expert insights on potential red flags.
RiskScore
- Stay Ahead: Get alerts on potential IRS flags before they even notify you.
- Full Tax Audit: We handle every detail, from start to finish, if the IRS or state comes calling.
AI-tomatic Filings
- Expert-Backed Filing: Let our CPAs and EAs handle your complex returns.
- Built-In Protection: Includes audit assistance for the tax year covered.
QuickBooks Import
- QuickBooks Import for AItomatically Smarter Filing .
File Your 1120-S Forms in 4 Simple Steps
Tax filing doesn’t have to feel like rocket science
Create Your Account
Quick and easy setup
Input Financial Data
Use our guided platform to report income and expenses
Review Your Filing
Built-in checks catch errors before you submit.
Submit to the IRS
One click, and you’re done.
Why Thousands of Businesses Trust X TAX
Have Some Questions? We’ve Got Answers.
What is the best software for S corporations tax filing?
X.TAX is designed specifically for S-Corps, making Form 1120-S filing quick, accurate, and stress-free.
What’s the S corporations filing deadline?
March 15 for calendar-year S-Corps, or September 15 if you file for an extension.
How do I handle shareholder distributions in S corporations?
X.TAX simplifies this process, ensuring each shareholder gets accurate K-1s.
Does X.TAX have tax audits?
Yes! Our Audit Protect feature includes real-time monitoring and full audit representation.
