TaxAct Business 1120S

Tax professionals engaged in a discussion

Easy Guidance & Tools for S Corporation Tax Returns. Maximize your deductions and save time with various imports & reports.

State Additional

Pay only when you file

Requirements

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.

TaxTutor guidance

Get easy-to-follow, expert tax tips and strategies — the biggest money-saving deductions, explanations of complex tax-law changes, and pitfalls to avoid.

TaxAct Alerts

Steer clear of problems. TaxAct Alerts meticulously inspects your return for errors, omissions, and valuable tax-saving opportunities you may have missed.

My Taxes

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.