S-Corp Tax Preparation

S-corp taxes done right, and explained in plain English.

Your S-corp return has moving parts a personal return never will: reasonable compensation, the K-1, the basis tracking, the payroll tie-in. We prepare it accurately, catch the deductions you’re owed, and walk you through what it all means line by line.

What’s included

Everything your S-corp return actually needs

An S-corp return isn’t just a bigger personal return. We handle the parts that trip owners up most.

  • Form 1120-S & K-1sYour federal S-corp return and the Schedule K-1s that flow through to each owner.
  • Reasonable compensation reviewWe help you land salary in the range the IRS expects, balanced against distributions.
  • Owner basis & distributionsTracking that keeps your distributions clean and your basis correct year to year.
  • Personal return, coordinatedYour 1040 prepared alongside the S-corp so the K-1 lands correctly and nothing’s doubled up.
  • A line-by-line reviewA screen-sharing meeting where we walk through the return so you understand it, not just sign it.
  • Proactive planningOptional quarterly check-ins and an annual projection so next year holds no surprises.

The reasonable compensation question

It’s the single biggest S-corp risk area. Pay yourself too little salary and the IRS can reclassify your distributions, with penalties attached. Pay too much and you hand over payroll tax you didn’t owe. We help you find the defensible middle, documented and ready if anyone ever asks.

How it works

A tax process built to be painless

Fully virtual, fully secure, and the same first-in, first-out fairness for every client. Here’s the shape of it.

Share your info

Upload your documents to your secure client portal and give us QuickBooks Online access. Our organizer walks you through exactly what we need.

We prepare & double-check

Your preparer builds the return, then a second preparer reviews it. We ask questions along the way so nothing gets assumed.

Review, sign, file

We walk you through the finished return on a screen-share, you sign electronically through DocuSign, and we e-file and post your copy within three business days.

No surprises

Know the cost before you commit

Our pricing is based on the forms and schedules your return actually needs, so before we start, new clients get a clear estimate. Fill out the Get Connected form and we’ll tell you what your S-corp return would cost, with no obligation.

Get your free estimate Prefer to talk it through first? Book a quick call.
Why AdminBooks

Bookkeeping and tax, finally under one roof

Most S-corp headaches start with a gap between the books and the return. We do both, so your financials and your 1120-S actually agree, with CPAs and Enrolled Agents on the team.

20+ yrs
Preparing business returns since 2003.
CPA & EA
Credentialed tax professionals on staff.
100%
Virtual and paperless, serving clients nationwide.
2024
PASBA Accounting Firm of the Year.
Questions

S-corp tax prep, answered

How much does an S-corp tax return cost?

It’s based on the forms and schedules your return requires, so the price reflects your actual situation rather than a flat guess. New clients get a clear estimate up front through our Get Connected form before any work begins.

What is reasonable compensation, and why does it matter?

As an S-corp owner who works in the business, the IRS expects you to pay yourself a reasonable salary before taking distributions. Get it wrong and you risk reclassified income and penalties, or overpaid payroll tax. We help you set a defensible number and document it.

Can you do my personal return too?

Yes, and we recommend it. Your K-1 from the S-corp flows onto your personal 1040, so preparing both together means they line up correctly and you’re not chasing your own paperwork between two preparers.

Do you handle the bookkeeping behind the return?

We can. A clean return depends on clean books, and we offer bookkeeping, cleanup, and catch-up alongside tax prep. If your books need work before filing, we’ll flag it and can take care of it under one roof.

I’m behind and may need an extension. Can you help?

Yes. We operate first-in, first-out during the busy season, so the earlier you send your information the better. If a deadline is tight, we’ll file an extension on your behalf and complete the return properly afterward.

Do I need to be in California?

No. We’re a fully virtual firm preparing returns for business owners across the United States. Everything runs through your secure client portal, so your location doesn’t matter.

Hand off your S-corp return with confidence.

Get a free estimate, see exactly what it would cost, and finally have a return you understand instead of one you just sign.