Will this process a tax return for an S-Corp? null

No, this is for 1040s only. But, on a 1040 it will do Sch C, Sch F, and Sch E as businesses

No. It is individual and self employed (schedule C). It will not prepare corporate or partnership returns.

My understanding (I am not a CPA) is that an S-corp does not file any tax return. The profits are shared among the shareholders who then report those funds on their personal returns. If the S-Corp has only one shareholder, then perhaps this software would work fine, however, if the S-Corp has multiple shareholders, I suggest using a CPA or tax attorney to determine the company profits and distributions.

“Will this process a tax return for an S-Corp?”

Asked by DJ 6 years ago

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No, this is for 1040s only. But, on a 1040 it will do Sch C, Sch F, and Sch E as businesses
Answered by Dave 6 years ago
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No. It is individual and self employed (schedule C). It will not prepare corporate or partnership returns.
Answered by JAG1983 6 years ago
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Yes
Answered by will 6 years ago
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My understanding (I am not a CPA) is that an S-corp does not file any tax return. The profits are shared among the shareholders who then report those funds on their personal returns. If the S-Corp has only one shareholder, then perhaps this software would work fine, however, if the S-Corp has multiple shareholders, I suggest using a CPA or tax attorney to determine the company profits and distributions.
Answered by Anonymous 6 years ago
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