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S-Corp Tax Prep Services in Mansfield / Arlington, TX

We are a full suite tax preparation and tax planning and accountingand bookkeeping firm. Please choose a tax service below to learn more.

An S-corporation, also known as an S-corp, is a pass-through entity. Corporations set up this way share the income, deductions, profits and losses of a corporation with it's owners. Shareholders are able to file their S- corp taxes at personal income tax rates as they pay taxes on their share of the S-corp's income. This allows S- corps to avoid double taxation on the corporate income.

Typically an S-corporation has employees, in this case the company is responsible for withholding federal income tax, Social Security and Medicare taxes from their paychecks requiring an S-corporation to file an IRS Form 941 each quarter to reports total witholdings.

The standard forms included with S-Corp filing are 1120S and Schedule K-1. If an S-corp has employees, a Form 940, Form 941 or Form 1099 may also be required. S-corps will also need to issue a W-2 to employees and Form 1099-MISC to independent contractors.


To qualify for S-corporation tax filing you must:

  • Be a domestic corporation
  • Have only allowable shareholder
  • May be individuals, certain trusts, and estates
  • May not be partnerships, corporations or non-resident alien shareholders
  • Have no more than 100 shareholders
  • Have only one class of stock
  • Not be an ineligible corporation (i.e. certain financial institutions, insurance companies, and domestic international sales corporations).

Planning is the key to successfully and legally reducing your corporation's tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.

Contact Paramount Tax & Bookkeeping Mansfield if you'd like to receive more information about our Mansfield / Arlington S-Corp Tax Prep Services.

S-Corp Tax Prep Services in Mansfield / Arlington

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Mansfield / Arlington tax preparation

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Highly recommend Paramount in Mansfield. Professional, THOROUGH, timely, and most importantly - ACCURATE. The entire staff is fantastic, Juan is incredibly knowledgeable and welcoming. Protect your business, protect your livelihood, protect your family. This place will handle your affairs safely and discreetly and make...
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I can’t say enough good things about this accounting firm! They are professional, detail-oriented, and always put my needs first. Their friendly and approachable nature makes them stand out from others I’ve worked with. They’ve helped me navigate complicated tax situations with ease, and I always feel supported. ...
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Working with this company has been one of the best decisions for my finances. They are incredibly organized, detail-oriented, and thorough in every aspect of their work. What stands out most is their friendliness and approachability—no question feels too small or silly. They’ve not only saved me time but also ident...
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Tiffany and her team are very knowledgeable and trusted! They are welcoming and a great addition to your planning and compliance business needs!
— Teresa Truong, Posted December 5th 2024 on google
Great customer service experience and professionalism. Dealt with Paramount before at the previous Highlands location in Arlington and will keep using them.
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Great experience working with Tiffany . Highly recommend Paramount as your tax advisor.
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Mansfield / Arlington, TX Tax Review

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Many people do not know how a professional tax firm differs from a tax preparer. The main difference when working with a professional tax and accountingbookkeeping firm, such as Paramount Tax & Bookkeeping Mansfield, is that our firm utilizes the services of licensed professionals.

Paramount has worked hard to create relationships to deliver the value that our clients expect. In fact, our goal is to be the No. 1 firm in Mansfield / Arlington. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Bookkeeping Mansfield!

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Whether you are filing personal taxes or you own a business, if you are not already using a professional tax and accountingbookkeeping firm, you have most likely already missed out on major tax benefits, deductions and credits. This is because a professional tax and accountingbookkeeping firm utilizes licensed professionals, who can not only advise individuals on personal financial matters but who are qualified to advise businesses, financial institutions, nonprofit organizations and government agencies on a wide range of financial topics. Our strict standards ensure that we understand the complicated tax laws and how to implement strategies that return the most benefits to individuals and businesses. Give Paramount Tax & Bookkeeping Mansfield a call or visit our tax and accountingbookkeeping firm in Mansfield / Arlington for a free consultation.

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Paramount Tax & Bookkeeping Mansfield

1802 Mansfield Webb Road
Suite 104
Mansfield, TX 76063

945-267-6222

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Get started with Paramount for your tax services in Mansfield / Arlington, TX, recommended by family and friends every time.

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