Form 1120-S is the tax return for S corporations. As such, it is used by S corporations to report their income, profits, losses, tax credits, deductions, and other information to the IRS.

Businesses structured as S corporations can deduct payroll tax expenses on line 12 of Form 1120S. Only the employer portion of payroll taxes, not the employee portion, are deductible for the business.

In Notice 2024-18, released last Friday, the IRS discussed the availability of administrative exemptions from the requirement to file certain returns and other documents in electronic form.The notice ...

March 17, 2025, is a key tax deadline for businesses, but they can request an extension of time using Form 7004 through ExpressExtension, a secure and easy e-filing service. ROCK HILL, SC / ACCESS ...

Extend IRS Deadlines To File Business Tax Forms 1120-S, 1065, 1042 By E-filing Form 7004 With ExpressExtension. ExpressExtension . Mon, Mar 4, 2024, 2:30 PM 4 min read.

ROCK HILL, SC / ACCESS Newswire / March 17, 2025 / Today, March 17, 2025, is another important day in the tax filing season, bringing a critical filing deadline for most forms, including Form 1120 ...