$1 Million Tax Audit Protection 

S-Corp Tax Prep Services in Treasure Valley, ID

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 Treasure Valley if you'd like to receive more information about our Treasure Valley S-Corp Tax Prep Services.

S-Corp Tax Prep Services in Treasure Valley

Request Appointment Now!

Great communication! Easy to use online portal. Very knowledgeable staff.
— Thomas Brackett, Posted June 13th 2024 on google
Fast, efficient and priced very reasonably. Very kind on the phone and they understood our needs completely.
— Dave Richardson, Posted June 5th 2024 on google
They were great during the whole process. Everything was explained.
— Kevin Terrell, Posted April 15th 2024 on google
Very helpful and responsive to our questions. The best part is the advice to set up next years return for success!
— Mark Goin, Posted April 1st 2024 on google
Professional, friendly, and on top of it. Highly recommend. I love Kristie!
— Jo Ellyn Bradley, Posted March 15th 2024 on google
Kristie was absolutely amazing!! We are first time business owners and she made things SO easy for us!! She did awesome, efficient work, is so nice, and we were so pleasantly surprised at how stress-free the process was! She explained every part so that we understood the process! I’m so grateful for her! HIGHLY HIGHL...
— Bailey Perez, Posted February 29th 2024 on google
Christina Weddel from Paramount Tax and Accounting is extremely pleasurable, professional and easy to work with. As a B2B I was extremely impressed with her willingness to listen to my ideas as well as contribute back solutions to my problems. I highly recommend you give Christina and her team a call for professional a...
— Marcus Araiza, Posted February 12th 2024 on google
Christina was amazing ! So thorough, so caring. I am so pleased !! I will be back next year for sure. Highly highly recommend
— Annette Parrett, Posted March 5th 2022 on google
Christina is thorough, kind and speaks in the language that a lay person can understand when it comes to taxes and all things IRS. She is smart, savvy and approachable. Love working with her as she put my mind at ease at our first meeting. Tax preparation pricing is sooooo reasonable too! We were paying tippy top dolla...
— Michele Ashby, Posted May 11th 2023 on google
Christina is a gem; she has taken the time to research and answer many of my clients questions over the last year and I highly recommend her.
— Chelsea Hough, Posted December 7th 2023 on google
Christina is amazing! If she doesn’t know the answer she will find it. She learns quickly and is a huge asset to our team. And our taxes are not easy by any means. Multiple LLCs, multiple partners with different operating agreements, and an S-corp.
— Daniel Rockrohr, Posted October 12th 2023 on google
We love working with Christina. She is knowledgable, punctual, and very kind. Christina is a professional at what she does and we look forward to working with her in the future.
— Elisabeth Tumlinson, Posted August 6th 2023 on google
Christina was very knowledgeable and was so helpful!
— Adam Wilhelm, Posted August 3rd 2023 on google
Just really kind and patience was amazing. Answered all my questions and seemed very knowledgeable.
— T. M., Posted July 25th 2023 on google
Kristie is very nice and helpful
— Minuteworm Schneider, Posted July 25th 2023 on google
Very nice.
— Zalear Zalear, Posted July 25th 2023 on google
Christina is Awesome!!! She really cares about her clients. Call Paramount Tax of Treasure Valley TODAY!
— Troy Thomas, Posted July 21st 2023 on google
Christina is great. Professional, kind and very knowledgeable. Definitely recommend.
— Angelica Bumb, Posted July 21st 2023 on google
Incredibly detail oriented, Christina is a class act!
— cffmorgans, Posted July 18th 2023 on google
Kristie was great!
— Katie Perez, Posted July 18th 2023 on google
Treasure Valley, ID Tax Review

Free 3-Year Tax Review

We review 3 years back to find errors / missed deductions.

About Us Contact Us

Paramount Experience


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 & Accounting Treasure Valley, 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 Treasure Valley. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting Treasure Valley!

Free Consultation 208-254-7788

Upgrade to Tax & AccountingBookkeeping Firm


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 & Accounting Treasure Valley a call or visit our tax and accountingbookkeeping firm in Treasure Valley for a free consultation.

Individual Tax Preparation Business Tax Preparation

Why Choose Paramount Tax & Accounting Treasure Valley?

Treasure Valley, ID Tax Services

Through dedication to the three underlying principles of professionalism, responsiveness and quality, Paramount is committed to providing outstanding service to our clients.

Paramount Tax & Accounting Treasure Valley

167 NE Beaman Street

Mountain Home, ID 83647

208-254-7788

Fax: 208-648-4288

Easy Online Booking

Get started with Paramount for your tax services in Treasure Valley, ID, recommended by family and friends every time.

OR

Request Appointment

Contact Paramount Tax & Accounting Treasure Valley

Easy Online Booking

Get started with Paramount for your tax services in Treasure Valley, ID, recommended by family and friends every time.

OR

Request Appointment

Contact Paramount Tax & Accounting Treasure Valley
Request Appointment

tax &accounting franchise


Paramount Tax is now offering financial and tax franchises across the US!


Let us make our success into your success!

Franchise Information Call: 801-784-6677