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S-Corp Tax Prep Services in Rancho Cucamonga, CA

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 & Accounting Rancho Cucamonga if you'd like to receive more information about our Rancho Cucamonga S-Corp Tax Prep Services.

S-Corp Tax Prep Services in Rancho Cucamonga

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I have been with Paramount for more than 12 years. They keep me coming back because of the small family feeling with a personal touch which this year had the great addition with Marlene. At a low cost I let the experts look out for me and my family's best interests.
— Monica Stenmo, Posted February 20th 2024 on google
Chris has been doing my taxes for years. I can’t imagine ever having anyone else even look at, let alone touch them. Chris and his team are always personable, knowledgeable, friendly, professional, and thorough. If you’re looking for a top notch place to get your taxes done or for financial consulting, Paramount Ta...
— April Poyorena, Posted February 20th 2024 on google
Chris and Marlene excellent service. Detailed oriented and extremely helpful and trustful. Made me a life long customer.
— Oscar Salazar, Posted February 20th 2024 on google
Taxes are never fun. Chris, Marlene, Roxy and the rest of the Paramount staff make it an easy and pleasant experience every time. I thank and highly recommend them.
— William Hurley, Posted February 19th 2024 on google
Very helpful, known team for years, tax preparer Marlene was very helpful and friendly
— adam cano, Posted February 18th 2023 on google
Very knowledgeable and helpful. Great experience as always.
— R Guz, Posted February 6th 2023 on google
Quick service and very detail oriented. They make sure all questions are answered and very satisfied with customer care. Highly recommend Paramount Tax & Accounting.
— Estevan Rivera, Posted February 16th 2024 on google
I just now completed my taxes with the help of Marlene Castro and Mr Chris C. Both are very professional and very good explaining every details on completing my tax return. Thank you, Marlenne and Chris !
— Cindy Sa, Posted February 16th 2024 on google
10/10 service as always with Chris! Veronica is also amazing and is a great addition to this tax preparation service! I have been going to Chris for many years and always appreciate the time, attentiveness, patience, and love for helping others! Chris is very knowledgeable and has expertise in his work! Definitely woul...
— Donna Gamiao, Posted February 27th 2023 on google
Chris and Veronica made another tax season appointment go smoothly! We were finished in under an hour and I’m very happy with my refund amount. Easy document uploading process. No need to drive to a location, appointment was held over the phone. Reminders, reminders, reminders over text an email leading up to the app...
— Robert Kitchen, Posted February 15th 2024 on google
I cannot sing enough praises about Chris and his team at Paramount Tax and Accounting. They are professional, kind, honest and trustworthy. It's tempting these days to use a self directed tax services (i.e. turbo tax) to save a quick buck, but the education and financial expertise given in each appointment alone is wor...
— Dominique Bell, Posted February 17th 2023 on google
Outstanding customer service, easy to upload all documents required so the appointment went smoothly because the documents were already there and they have been reviewed. This is our first time with Paramount, Chris, Veronica and Roxanne. We are very happy with this company. We are getting ready to move out of state in...
— Kim Monroe, Posted February 12th 2024 on google
I am recommending Paramount Tax and Accounting to friends and family members. Chris and staff are very professional, always helpful and very knowledgeable.
— R Guz, Posted February 9th 2024 on google
Chris and Veronica were amazing! Attention to detail and very thorough. Addressed all of our concerns.
— Andrea Olson, Posted February 9th 2024 on google
Andrew, Chris and Roxy are always the best!!!!
— Dom Gonzales, Posted February 8th 2024 on google
Chris and has team are first class and have been taking care of my tax preparation for over a 13 years. He is honest and professional and I would highly recommend for any financial service needs.
— Jeffrey Fobel, Posted February 8th 2022 on google
We came to paramount tax for the first time today and we meet with Andrew Gardiner. He was professional and knowledgeable. He took his time to help us with any questions we had and he made sure our taxes are filed correctly. Nice office and friendly welcoming environment.
— Mohamed Helal, Posted February 8th 2024 on google
Third year getting my taxes done with Andrew. He makes it so easy! Very friendly & informative. Roxie makes it so easy to set up an appointment & is also so friendly! I am always completely impressed with their professionalism and customer service. Will always keep coming back :)
— Brittney Lietz, Posted February 7th 2024 on google
This company and the staff have always showed a great level of service. And my family and self do appreciate there professionalism, thank you
— Pap's OC, Posted February 7th 2024 on google
If you’re looking for a great company to do your taxes this is the place. Great customer service and professional. I wouldn’t trust anyone else. Marlene was so helpful and very knowledgeable. Make your appointment today you won’t regret it. We have been coming to them for several years.
— Celeste Lozano, Posted February 6th 2024 on google
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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 Rancho Cucamonga. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting Rancho Cucamonga!

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Paramount Tax & Accounting Rancho Cucamonga

8577 Haven Ave
Unit 308
Rancho Cucamonga, CA 91730



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Get started with Paramount for your tax services in Rancho Cucamonga, CA, recommended by family and friends every time.


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Contact Paramount Tax & Accounting Rancho Cucamonga

Easy Online Booking

Get started with Paramount for your tax services in Rancho Cucamonga, CA, recommended by family and friends every time.


Request Appointment

Contact Paramount Tax & Accounting Rancho Cucamonga
Request Appointment

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