TaxAct Business 1120S
Easy Guidance & Tools for S Corporation Tax Returns. Maximize your deductions and save time with various imports & reports.
Pay only when you file
Our products are easy to use and guarantee accuracy
Extended access to your return
With one year of online return access and six years of PDF access, it's easy to print copies and plan for next year.
Answer easy interview questions — let TaxAct do the rest for you
Answer simple, plain-English questions, and TaxAct automatically calculates and enters your data into the appropriate tax forms.
Step-by-step guidance to maximize business deductions
TaxAct walks you through a broad range of business expenses to help you accurately report and maximize your deductions.
Free IRS e-file for fast, accurate return filing and confirmation
E-file for free and get a notification via email or text as soon as the IRS has processed your return.
Fast data entry and import tools
Save time and minimize data entry errors by importing key data from last year’s TaxAct return. Plus, enter data directly into forms or use quick entry methods for M-3, 4562, K-1, and Schedule L information
Automatic partner/shareholder allocation
Your Schedule K-1 items automatically allocate and update as business income, deductions, and credits change. Once complete, Schedule K-1 data can be imported into your 1040 TaxAct return.
Accounting records import
Easily import your Trial Balance Reports in CSV format from accounting software. Once imported, make any necessary adjustments, and TaxAct will transfer to the appropriate lines.
All the support you need
Never get stumped by a tax question. Search for the fastest answers in the Answer Center, or contact us for account and technical support when you need it.
Capital gains summary
Capital gains can be confusing, especially as your portfolio grows, and keeping track of all your transactions can be taxing. TaxAct’s capital gains summary makes comparing your short and long-term brokerage statement to your tax return fast and easy.
Depreciation and disposal summaries
Don't miss any valuable deductions! Easily and quickly review your current, future, and accumulated assets. Depreciation reports include fiscal and short-year calculations.
Reconciliation of income
TaxAct’s list of book to tax differences helps reconcile book income for completing Schedule M-1.
Get easy-to-follow, expert tax tips and strategies — the biggest money-saving deductions, explanations of complex tax-law changes, and pitfalls to avoid.
Steer clear of problems. TaxAct Alerts meticulously inspects your return for errors, omissions, and valuable tax-saving opportunities you may have missed.
Get a personalized view of the forms and schedules included in your return. Easily add copies of needed documents and view your in-progress forms.
Prior year comparison report
Finds possible errors resulting from incorrect entries or overlooked information by comparing this year’s return to last year’s data.
Multiple occurrences of supporting forms
TaxAct allows you to enter multiple copies of many forms.
Custom return printing
Print individual forms or multiple copies of your return.
Loan and savings calculators
Effortlessly compute loan payments or the future value of savings deposits, then print amortization and accumulation schedules.
Answer a few questions for your state return — let TaxAct do the rest
As you enter your federal information, TaxAct automatically calculates and enters your data into your state tax forms. Finish and file your state return in minutes!
Editions for all 1120S states
TaxAct supports every state that requires Form 1120S S Corporation income tax returns.
Free e-file for fast, accurate return filing & confirmation
E-file for free and get a notification via email or text as soon as the state has processed your return.
Security is a top priority
We utilize security technology and monitoring processes, and we partner with the IRS to protect your personal information.
Select list of Federal and State tax forms supported
|Form 1120S||U.S. Income Tax Return for an S Corporation|
|Form 1120SX||Amended Return Changes Worksheet|
|Form 1120W||Estimated Tax for Corporations|
|Form 1125A||Cost of Goods Sold|
|Form 1125E||Compensation of Officers|
|Form 2553||Election by a Small Business Corporation|
|Form 3115||Application for Change in Accounting Method|
|Form 3468||Investment Credit|
|Form 4136||Credit for Federal Tax Paid on Fuels|
|Form 4562||Depreciation and Amortization (Including Information on Listed Property)|
|Form 4684||Casualties and Thefts|
|Form 4797||Sales of Business Property|
|Form 5471||Information Return of U.S. Persons With Respect to Certain Foreign Corporations|
|Form 5884||Work Opportunity Credit|
|Form 6252||Installment Sale Income|
|Form 6478||Biofuel Producers Credit|
|Form 6765||Credit for Increasing Research Activities|
|Form 6781||Gains and Losses From Section 1256 Contracts and Straddles|
|Form 7004||Application for Automatic Extension of Time to File Certain Business Income Tax Information and Other Returns|
|Form 8050||Direct Deposit of Corporate Tax Refund|
|Form 8283||Noncash Charitable Contributions|
|Form 8453S||U.S. S Corporation Income Tax Declaration for an IRS efile Return|
|Form 8586||Low Income Housing Credit|
|Form 8594||Asset Acquisition Statement Under Section 1060|
|Form 8609A||Annual Statement for Low Income Housing Credit|
|Form 8716||Election to Have a Tax Year Other Than a Required Tax Year|
|Form 8752||Required Payment or Refund Under Section 7519|
|Form 8822B||Change of Address or Responsible Party Business|
|Form 8824||Like Kind Exchanges|
|Form 8825||Rental Real Estate Income and Expenses of a Partnership or an S Corporation|
|Form 8826||Disabled Access Credit|
|Form 8835||Renewable Electricity Refined Coal and Indian Coal Production Credit|
|Form 8844||Empowerment Zone Employment Credit|
|Form 8845||Indian Employment Credit|
|Form 8846||Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips|
|Form 8881||Credit for Small Employer Pension Plan Startup Costs|
|Form 8903||Domestic Production Activities Deduction|
|Form 8910||Alternative Motor Vehicle Credit|
|Form 8916A||Supplemental Attachment to Schedule M3|
|Form 8938||Statement of Specified Foreign Financial Assets|
|Form 8941||Credit for Small Employer Health Insurance Premiums|
|Form 8949||Sales and Other Dispositions of Capital Assets|
|Form 8990||Limitation on Business Interest Expense Under Section 163j|
|Form 8997||Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments|
|Form 965||Inclusion of Deferred Foreign Income Upon Transition to Participation Exemption System|
|Form 966||Corporate Dissolution or Liquidation|
|Form 982||Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment)|
|Schedule B1||Information on Certain Shareholders of an S Corporation|
|Schedule D||Capital Gains and Losses|
|Schedule F||Profit or Loss From Farming|
|Schedule K||Shareholders Pro Rata Share Items|
|Schedule K1||Shareholders Share of Income Deductions Credits etc.|
|Schedule M3||Net Income (Loss) Reconciliation for S Corporations With Total Assets of $10 Million or More|
|Schedule N||Foreign Operations of U.S. Corporations|
|Form 20S||Alabama S Corporation Information Tax Return||Alabama|
|Form 2220AL||Underpayment of Estimated Tax for Corporations||Alabama|
|Form AL8453 PTE||S Corporation Partnership Income Tax Declaration for Electronic Filing||Alabama|
|Form AL8453B||Business Privilege Tax Declaration for Electronic Filing||Alabama|
|Form BPTV||Business Privilege Tax Payment Voucher||Alabama|
|Form KRCC||Project Distributing Entity Share of Capital Credit||Alabama|
|Form PPT||Business Privilege Tax Return and Annual Report||Alabama|
|Form PTEC||Nonresident Composite Payment Return||Alabama|
|Form PTEV||Pass Through Entity Payment Voucher||Alabama|
|Schedule AL CAR||Secretary of State Corporation Annual Report||Alabama|
|Schedule K1||Shareholders Share of Income Deductions Credits etc||Alabama|
|Schedule KRCCB||Recipients Share of Capital Credit for Business Entities Including Trusts||Alabama|
|Schedule NRA||Alabama S Corporation Nonresident Agreement||Alabama|
|Schedule NRAIC||Alabama Investment Credit Nonresident Agreement||Alabama|
|Schedule OZ||Gains Invested in Qualified Opportunity Zone Funds||Alabama|
|Schedule PAB||Add Back Form||Alabama|
|Schedule PC||Pass Through Credits||Alabama|
|Schedule PTEC K1||Schedule K1 Nonresident Composite||Alabama|
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100% Accuracy Guarantee
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7 years of access to your return
Easily access and print copies of your prior returns for seven years after the filing date.