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Seamless, Accurate, and Scalable Tax Solutions for US CPAs and Accounting Firms
As a US CPA or accounting firm, managing Form 1120S compliance for your S-Corporation clients requires absolute precision—from balancing shareholder distributions to tracking basis limitations.
At OBG Outsourcing Private Limited, we act as your dedicated back-office engine. We handle the heavy lifting of S-Corp tax preparation, data reconciliation, and Schedule K-1 distribution so you can focus on high-value client advisory and growing your firm.
Our Comprehensive 1120S S-Corp Services
We provide end-to-end support to ensure your clients' S-Corps remain fully compliant with IRS regulations.
Form 1120S Preparation: Accurate preparation of the U.S. Income Tax Return for an S Corporation, ensuring all income, gains, losses, deductions, and credits are correctly reported.
Schedule K-1 Generation: Precise calculation and generation of Schedule K-1s for shareholders to report their pro-rata share of the corporation's income and deductions.
Shareholder Basis Tracking: Diligent tracking of stock and debt basis limitations to prevent costly audit triggers for shareholders.
M-1 and M-2 Reconciliations: Expert handling of Schedule M-1 (reconciling book income with tax income) and Schedule M-2 (tracking the Accumulated Adjustments Account - AAA).
Reasonable Compensation Review: Support in reviewing shareholder-employee salaries to align with IRS "reasonable compensation" guidelines.
Book-to-Tax Adjustments: Clean-up of year-end financial statements, depreciation adjustments (Section 179 and bonus depreciation), and accrual-to-cash conversions.
Why Outsource Your S-Corp Prep to OBG Outsourcing?
Partnering with us means injecting efficiency, speed, and expertise into your tax season workflows.
| Feature | What OBG Outsourcing Delivers |
|---|---|
| Tax Software Expertise | Proficient in leading US tax software including UltraTax, Drake, ProConnect, Lacerte, and CCH Axcess. |
| Data Security | Robust data protection protocols ensuring total confidentiality and GDPR/ISO-aligned security standards. |
| Scalability | Easily scale your capacity up during peak tax season and down during off-peak months without overhead costs. |
| Over 99% Accuracy | Multi-tier review processes by experienced tax professionals to minimize IRS notices and errors. |
The OBG Advantage: > We don't just enter numbers into boxes. Our team deeply understands the nuances of US tax law, ensuring that common S-Corp pitfalls—like disproportionate distributions or incorrect AAA tracking—are caught and corrected long before submission.
Ready to Streamline Your Tax Season?
Let OBG Outsourcing Private Limited take the burden of 1120S preparation off your plate. Boost your firm’s margins, reduce turnaround times, and give your team their weekends back.
Software We Use
