TaxACT Business 1120S

Make preparing and filing your Form 1120S tax return easy for your corporation. TaxACT Business 1120S walks you through your S Corporation return, automatically calculating and filling in the tax forms while allocating & updating Schedule K-1 items as income changes. Contains powerful depreciation reports, loan & savings calculators, and more.

• Uniquely Suited to Preparing Your S Corporation Return - Prepare one Form 1120S return with the same versatility & efficiency you've enjoyed in TaxACT Deluxe.
• Does the Work for You - Just answer simple, plain-English interview questions and TaxACT automatically calculates and enters your data into the appropriate tax forms.
• Automatic Partner Allocations - All Schedule K-1 items are automatically allocated and updated as the business's income changes.
• Depreciation Reports - Print a list of depreciable assets, including this year's depreciation and accumulated depreciation. Or, print a report detailing next year's depreciation.
• Loan and Savings Calculators - Effortlessly compute loan payments or the future value of savings deposits, then print amortization and accumulation schedules.
• Seamlessly Integrates with State 1120S Returns - For only $13.95, your federal information will be automatically transferred & calculated by the state software - no need to re-enter your data!  Learn more about TaxACT State 1120S.
• And Much More!  See all features & benefits.