How To File Taxes As An S Corporation
As an S corporation, you will need to file your taxes slightly differently than a traditional corporation. In order to file your taxes as an S corporation, you will need to fill out Form 1120S. This form is used to report the income, losses, and dividends of an S corporation.
When you are filing your taxes as an S corporation, you will need to file them by the 15th of March. This is the same deadline that traditional corporations have to file their taxes. However, if you are a new S corporation, you may have a different filing deadline.
In order to file your taxes as an S corporation, you will need to have all of your corporate documents in order. This includes your articles of incorporation, your bylaws, and your shareholders’ agreement. You will also need to have your financial statements ready.
Once you have all of your documents in order, you will need to fill out Form 1120S. This form is used to report the income, losses, and dividends of an S corporation. When you are filling out this form, you will need to include your company’s name, address, and EIN. You will also need to include the names of your shareholders and the number of shares that they own.
After you have filled out Form 1120S, you will need to attach your financial statements. Once you have done this, you will need to sign and date the form. Then, you will need to mail the form to the IRS.
If you are a new S corporation, you may have a different filing deadline. In order to find out what your filing deadline is, you will need to consult with your accountant or the IRS.
Filing your taxes as an S corporation can be a bit more complicated than filing as a traditional corporation. However, it is still relatively simple. As long as you have all of your documents in order and you fill out Form 1120S correctly, you should have no problem filing your taxes as an S corporation.
