what irs forms does an s corp have to file?

Public Comments

1. IRS Form Preparation & Filing (We below refers to Start Biz Here Inc.) Form SS-4 - Application for Employer Identification Number (EIN) The IRS requires that new business entities file the Form SS-4. Upon filing the IRS will assign an EIN, commonly known as a tax ID #, for your company. The EIN will be required in order to open bank and credit accounts, hire employees or set up benefit plans. Your company will use it much like you use your Social Security Number. Standard EIN Service - Form Preparation with Instructions We prepare the EIN application and provide instructions for obtaining your entity’s tax ID #. The EIN application and instructions are sent to you with your filing confirmation. Complete EIN Service - Designed to help you get your business running ASAP We prepare and file the EIN application using the fastest method available. You are notified of your company’s EIN as soon as it is obtained by our office. Form 2553 - Election by a Small Business Corporation (S-Corp Application) If you wish to obtain S-status for you corporation the IRS requires that your new corporation file the Form 2553 - Election by a Small Business Corporation. S-Corp Application Service We prepare the S-Corp application and send it along with the confirmation of your filing. We also supply you with a convenient pre-addressed envelope so you can easily send the signed form (all shareholder signatures are required) to the appropriate IRS office.
2. The basic federal form is an 1120-S. There are various schedules attached to the 1120-S. In addition, you have the usual payroll compliance of any business, and any state or local tax form depending upon where you are located.
3. S corps file a form 1120S to show their profits and or loss for the year. They also file a K1 form to show the % of profits or loss that each shareholder has Also they file a form 940 once a year to pay unemployment tax a form 941 each quarter to pay social security tax