Business template

S Corporation Tax Checkup template.

For existing S corporations: reasonable compensation, payroll, basis, compliance and planning gaps.

What it produces

S Corporation Tax Opportunity Report

21 questions, with the report set up and ready to review. Every response becomes a draft your team checks before anything reaches the client.

01Start from the templateOpen it in OneForm and change anything — or ask OneFormAI to.
02Share it with clientsSend the link or embed it on your site. Clients answer one question at a time.
03Review and sendOneForm drafts the s corporation tax opportunity report. You approve it and it's emailed as a branded PDF.

Questions included21

1How long has your business been taxed as an S corporation?
2What is your approximate annual business revenue?
3What is your approximate annual business profit before owner compensation?
4How many owners or shareholders does the S corporation have?
5Do you actively work in the business?
6Do you currently work with a tax professional?
7How often do you proactively discuss S corporation tax planning with your tax professional?
8Do you receive W-2 payroll compensation from the S corporation for the work you perform?
9When was your owner compensation last reviewed with your tax professional?
10Do you keep support for how owner payroll was determined?
11How are owner distributions generally handled?
12Does the S corporation use a written accountable plan to reimburse owners for eligible business expenses paid personally?
13Which business expenses do you sometimes pay personally?
14Which owner benefits have you reviewed or coordinated through the S corporation?
15What is the current status of retirement planning for the business?
16Do family members perform real work for the business?
17How consistently are business expenses and receipts documented?
18How separate are business and personal finances?
19Do you prepare a year-end income and tax projection before the end of the year?
20Which areas would you most like to discuss with a tax professional?
21Where should we send your S Corporation Tax Opportunity Report?

A short quiz for business owners that becomes a personalized report of tax-saving opportunities.

Business owners describe their business, books, payroll and upcoming changes, and get tax-planning conversation starters.

Sole proprietors and LLC owners find out whether an S corporation election is worth analyzing.

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