Who this is for
- Expat owners of US S-Corps
Business Tax
S-Corporation returns
S-Corp filings (Form 1120-S) and shareholder K-1s — including cross-border shareholder considerations.
Overview
Why this filing matters
S-Corp filings (Form 1120-S) and shareholder K-1s — including cross-border shareholder considerations.
Note — S-Corp filing for US expat shareholders.
What you get
- Form 1120-S preparation
- Reasonable compensation review
- K-1 generation
Our approach
Built for the cross-border edge cases.
Most US-UK filings fail the same way: a treaty position that wasn’t disclosed, a foreign account that slipped under FBAR thresholds, a PFIC election filed in the wrong year, a carry-forward not tracked from one preparer to the next. The cost of any single one of those is rarely catastrophic on its own — it’s the compounding over multiple filing seasons that quietly turns a clean tax life into a six-figure remediation project.
We start every engagement by looking at the edge cases first — the elections, the disclosures, the carry-forwards, the side-effects on next year’s return — and only then turn to the routine line items. The result is a filing that reads cleanly to anyone who picks it up next: another preparer, the IRS, or a successor in your own business.
- Position memo on every meaningful election, with the reasoning written down for the next return
- Carry-forwards (FTC, capital losses, PFIC basis) tracked year-on-year so nothing expires unused
- Plain-English commentary on every position taken — the kind that makes a future audit a non-event
Our process
How we handle your s-corporation returns
Four steps from first call to filed return. Fixed fee confirmed before any work begins.
- 01
Intake
30-minute scoping call. We confirm your situation, required filings, and send a tailored document list.
- 02
Review
We analyse your position, flag any cross-border risks, and confirm the scope and fee before any work starts.
- 03
Prepare
Draft returns and schedules are prepared with plain-English commentary on key positions for your review.
- 04
File
E-file with the IRS / FinCEN, send confirmations, and handle any follow-up notices or questions.
Pricing
Fixed fees — no surprises
S-Corp return (Form 1120-S): from £1,400 + VAT for a single-shareholder S-Corp. Reasonable-compensation analysis and payroll coordination with your US payroll provider are priced separately.
FAQs
Common questions about S-Corporation returns
Can non-resident shareholders hold S-Corp stock?
No — S-Corp eligibility requires all shareholders to be US persons (citizens or residents). A single non-resident spouse or non-US trust can disqualify the entire S-election, triggering involuntary conversion to C-Corp.
What's 'reasonable compensation' and why does it matter?
The IRS requires shareholder-employees to be paid a market-rate salary through payroll before taking distributions. Too low and it becomes a payroll-tax audit target. We benchmark based on role, hours, industry, and comparable data.
Why do S-Corps save tax vs LLCs?
Distributions to shareholders aren't subject to self-employment tax (unlike LLC/Schedule C profits). Only the reasonable-compensation salary portion is subject to payroll tax. Savings scale with income — usually meaningful above $100k.
What if I become a UK resident while holding S-Corp stock?
Your S-Corp election is at risk. A 'resident alien' is fine, but if you become a non-resident (including under treaty tie-breaker), the S-election terminates automatically. Requires planning before relocation.
Ready to get this filed?
Tell us your situation and we'll confirm scope, a fixed fee, and the documents we need — usually within one business day.