S Corp Tax Compliance: A Step-by-Step Tax Extension Filing Guide

Are you an S Corp owner dreading the tax filing season? Fear not! "S Corp Tax Compliance: A Step-by-Step Tax Extension Filing Guide" is here to rescue you from the clutches of tax anxiety. In this must-watch video, Jamie Trull, finance expert and CPA, demystifies the tax extension filing process for S Corps with precision and ease where you will learn to navigate the IRS Form 2553 and understand critical deadlines to keep your business on track. .

Highlights of this video include:
- A thorough breakdown of the 1120S form and its requirements
- Pro tips to avoid late filing penalties and stay compliant
- A walkthrough of the TaxAct platform for hassle-free e-filing
- Strategies for leveraging S Corp status for optimal tax benefits

Don't let tax season become a source of stress. With Jamie's expert guidance, you'll gain the confidence to handle your S Corp taxes like a seasoned professional. Plus, you'll find out how to avoid common pitfalls and ensure your business remains in good standing with the IRS.

Take Action Now:

▶️ File your FREE S Corp extension

▶️ Form mentioned: IRS Form 7004

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**DISCLAIMER: This video is meant for educational purposes only. This is not to be relied on or considered a substitute for advice on your specific situation from your tax advisor.

Note: There may be affiliate links in this description or video. We do not actively monitor comments on these threads.

[dr.k-Psych]

Thank you, Jaime!! You are a superwoman, a lifesaver, a kind human being, and everything that everyone else said!! Please give yourself a hug for us, and please dont go anywhere!!! XO

[JustinKey]

You are really doing the Lord's work! Thank you so much.

[shane]

So helpful! Thanks for saving the day!!

[acunamg]

a year later your video saves me, thank you thank you very much :))

[HildaRealtor]

They are trying to collect as much personal data as possible, asked so many unnecessary information.
👎 annoyed, I went to turbo tax instead, they only asked the basic and within 2 min my extension was done.

[houndstohorsespetcare]

Thank You! Jamie to the rescue again!!! I'm an S-Corp had the correct 7004 form, but unsure of how to CORRECT file an extension on my own. Thank you for the walk-thru using TaxAct. You are a life saver!!!

[companioncbd]

Thanks. Just tried to file and it say the date which is today, is after the deadline. So not sure what to do here? Thx!

[stevehutchinson]

Can't thank you enough for this, I have 2 S Corps and I know my accountant would never get to this in time.

[shaquelapeavy]

A YEAR LATER AND ITS STILL WORKS! THANK YOU SO MUCH 💜 VERY HELPFUL

[ninnal]

Hi, For 1120 S extension, do we need to file extension with State? I’m in IL. Will there be any tax due a the state level for 1120 S extension? Thanks.

[velenciadavis]

Hello,
What if you have already been paying yourself in your LLC with a w2 and want to make the scorp election, but you are paying yourself a high compensation?

[MonicaLWilliams]

Wow thank you so much!! I filed an extension for my friend using TaxAct and did the exact things you said and then I found your video!! I appreciate you so much and I am going to binge watch all your videos!! Blessings to you and your family!!

[marcosmcm]

In case you are a non resident alien owner of a single member LLC (needs proforma 1120/5472) do you file an extention with form 7004 or 4868 or both?

[kewlleleven]

Hello Jamie! Thank you so much for this outstanding video. Can I file my W2 and llc together. Or separately??

[JRemy]

Great video Jamie !!! Fingers crossed that the extension is accepted. I am going to watch the rest of your scorp videos because I want to take more control of my business and avoid paying fees for tax filings through an accountant CPA as my business is small and not making a profit yet.

[marcosmcm]

As an alien operating my LLC from another country do I put in the LLC address or the Registered Agent address?

[GabrielJones-df]

Can you please do a step by step walkthrough using tax act after filing extension

[dr.sammadeira]

This was incredibly helpful! Thank you so much!

[vz]

Hello, as I’m going through e-file step, what do I put in “signing officer information “ ?
Thank you

[galo]

why is asking me for a signing officer information?