Tax Returns for S Corporations: Should You Do It Yourself?

income tax preparation s corporation

Are you handling an S Corporation tax return on your own? You might want to think twice. It may seem like a cost-effective choice, but the reality can be quite different.

In our latest video, we're going to dissect a self-prepared tax return for an S Corp that's riddled with mistakes - and believe me, this isn't unusual.

Watch as I highlight the pitfalls of this S Corp return, and learn how to avoid these errors to keep your finances in check. Don't risk costly mistakes with your S Corp tax returns. 

DIY tax software can seem like a foolproof option until you realize the devil is in the details. The self-prepared tax return in the video is a perfect example of how a little "saving" on professional fees could end up costing you big time.

And that's a wrap! Hope you picked up some valuable insights. Thanks for reading, and I'll catch you in the next blog post! Cheers!

About The Author

Noel Lorenzana is an Illinois-licensed, Registered Certified Public Accountant with over 20 plus years of experience.

Through his online educational content, YouTube videos, easy-to-understand courses and 1-on-1 consulting, he gives you the tools to become tax savvy for yourself. 

Disclaimer: Any accounting, business or tax advice contained in this article, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties.