S-Corp Tax Preparation

S-Corp tax done right.

Form 1120-S preparation, K-1s, basis tracking, and reasonable comp planning — handled by Colorado CPAs who do this every day.

What's Included

Every S-Corp return, complete.

Federal S-Corp return prepared from your books, with full schedule preparation and review.

K-1s for every shareholder, with allocations matching ownership and any special agreements.

Colorado state filing including DR 0106 (composite) where applicable for non-resident shareholders.

Annual stock and debt basis tracking so distributions stay non-taxable and losses are deductible.

We benchmark owner W-2 salary against industry data to keep IRS-defensible records.

Quick answers about distributions, contributions, and structure — not just at filing time.

Common S-Corp Issues

Paying yourself little or no W-2 while taking distributions invites IRS scrutiny. We benchmark and document properly.

1120-S is due March 15 with stiff per-shareholder per-month penalties for late filings. We file on time, every time.

Distributions above stock basis become taxable capital gains. We track basis annually to prevent surprises.

If you converted from C-Corp to S-Corp, BIG tax can apply to appreciated assets. We plan dispositions accordingly.