S Corporations: File income tax return (Form 1120S) and pay any tax due

S Corporations are required to submit their income tax return, Form 1120S, and settle any outstanding taxes. You must also give each shareholder a copy of Schedule K-1 (Form 1120S) or an equivalent document detailing their share of income, deductions, and credits.

Donahue & Associates LLC offers professional accounting and tax services. With a focus on responsiveness and accuracy, the team assists individuals and businesses with various financial needs, from complex expat returns to ongoing bookkeeping. Clients consistently highlight the team's expertise and dedication to personalized service. They provide thorough support, ensuring compliance and peace of mind for their clientele. Whether you need assistance with tax preparation or maintaining your business's financial records, Donahue & Associates LLC is committed to delivering reliable and efficient solutions.