SMART TAX& ACCOUNTING

S corporation return (Form 1120-S)

Annual return for an S corporation, with a Schedule K-1 for each shareholder.

Key dates

  • March 15, 2027: Form 1120-S and shareholders' K-1s due for calendar-year S corporations
  • September 15, 2027: deadline with a six-month extension (Form 7004)

Why it matters

  • An S corporation's profit passes to the owners' returns, which can reduce self-employment tax.
  • Owner-employees must pay themselves a reasonable salary through payroll; we help set the right level.
  • The late-filing penalty is charged for each shareholder for each month, even when no tax is due.

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Contact us

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+1 437 983 4010
Email
taxsmartcga@gmail.com
Office
11 Suraty Avenue, Scarborough, ON M1P 4C9