Form 1120-S is the annual tax return for S corporations. What Is Form 1120-S: U.S. Income Tax Return for an S Corporation? Form 1120-S: U.S. Income Tax Return for an S Corporation is a tax ...

A special form of corporation that allows the protection of limited liability but direct flow-through of profits and losses The S corporation is often more attractive to small-business owners than ...

Each year, S corporations must file Form 1120-S to report income, gains, losses, deductions, and credits to the IRS. They also have to provide each shareholder with a Schedule K-1, detailing each ...

The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners.