1120-S filers must issue K-1s to every shareholder by March 15. Late K-1s cascade penalties on every shareholder. We auto-generate them, signature-ready.
Start the Form 1120-S filerFree blank with email · Filled $99 · Same-hour e-file $199
Annual S-Corporation income tax return with automatic K-1 generation. Live preview, real IRS form, $99 filled or $199 same-hour e-file.
March 15 for calendar-year filers (2.5 months after fiscal year-end). Late filings trigger $245/month per shareholder.
Yes. K-1s late = every shareholder cannot file their personal return on time. Cascade penalties make K-1 deadlines load-bearing.
Owner-employees must take a reasonable W-2 salary before distributions. We surface IRS guidance on what counts as reasonable for your industry.
No. You must have elected S-Corp status via Form 2553 (or 8832 + 2553) before filing 1120-S. If you never filed 2553, you are taxed as C-Corp.
Real IRS form, live preview, specialist review on every paid filing.
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