Quick Overview
- 1#1: Lacerte Tax - Professional-grade tax software with robust support for Form 1120-S, including diagnostics, state filings, and e-filing for S Corporations.
- 2#2: UltraTax CS - Comprehensive tax preparation platform offering advanced 1120-S handling, multi-state support, and seamless integration for complex S Corp returns.
- 3#3: CCH Axcess Tax - Cloud-based tax solution with full Form 1120-S capabilities, workflow automation, and diagnostics tailored for S Corporation filings.
- 4#4: Drake Tax - Affordable professional tax software supporting 1120-S with unlimited e-filing, error checks, and K-1 generation for S Corps.
- 5#5: ProSeries Professional - User-friendly tax prep software that efficiently handles Form 1120-S for small to mid-sized S Corporations with integrated e-filing.
- 6#6: GoSystem Tax RS - Scalable tax preparation tool providing detailed 1120-S support, custom calculations, and multi-user collaboration for S Corps.
- 7#7: TaxSlayer Pro - Cost-effective professional software for preparing and e-filing Form 1120-S with strong support for S Corporation schedules and states.
- 8#8: ProConnect Tax Online - Cloud-hosted tax software from Intuit with reliable 1120-S functionality, real-time updates, and easy K-1 distribution.
- 9#9: TaxAct Professional - Budget-friendly tax prep solution supporting Form 1120-S e-filing, depreciation tools, and S Corp specific optimizations.
- 10#10: TurboTax Business - Desktop software for small S Corporations to prepare and print Form 1120-S with guided interviews and K-1 exports.
These tools were chosen based on robust support for Form 1120-S, including e-filing, multi-state capabilities, and diagnostic features, alongside factors like user-friendliness, scalability, and value to align with the diverse needs of tax professionals and S Corporations.
Comparison Table
This comparison table explores key features, usability, and performance of top 1120S software tools including Lacerte Tax, UltraTax CS, CCH Axcess Tax, Drake Tax, ProSeries Professional, and more, providing a clear overview of their strengths. Readers will learn to identify the best fit for their tax preparation needs, with insights into platform compatibility and unique functionalities to streamline 1120S filing.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | Lacerte Tax Professional-grade tax software with robust support for Form 1120-S, including diagnostics, state filings, and e-filing for S Corporations. | enterprise | 9.6/10 | 9.8/10 | 8.7/10 | 9.2/10 |
| 2 | UltraTax CS Comprehensive tax preparation platform offering advanced 1120-S handling, multi-state support, and seamless integration for complex S Corp returns. | enterprise | 9.1/10 | 9.6/10 | 8.2/10 | 8.7/10 |
| 3 | CCH Axcess Tax Cloud-based tax solution with full Form 1120-S capabilities, workflow automation, and diagnostics tailored for S Corporation filings. | enterprise | 8.2/10 | 9.1/10 | 7.8/10 | 7.5/10 |
| 4 | Drake Tax Affordable professional tax software supporting 1120-S with unlimited e-filing, error checks, and K-1 generation for S Corps. | specialized | 8.7/10 | 9.1/10 | 8.4/10 | 9.3/10 |
| 5 | ProSeries Professional User-friendly tax prep software that efficiently handles Form 1120-S for small to mid-sized S Corporations with integrated e-filing. | specialized | 8.6/10 | 9.1/10 | 8.0/10 | 8.2/10 |
| 6 | GoSystem Tax RS Scalable tax preparation tool providing detailed 1120-S support, custom calculations, and multi-user collaboration for S Corps. | enterprise | 8.6/10 | 9.3/10 | 7.4/10 | 8.1/10 |
| 7 | TaxSlayer Pro Cost-effective professional software for preparing and e-filing Form 1120-S with strong support for S Corporation schedules and states. | specialized | 7.7/10 | 7.5/10 | 8.0/10 | 9.2/10 |
| 8 | ProConnect Tax Online Cloud-hosted tax software from Intuit with reliable 1120-S functionality, real-time updates, and easy K-1 distribution. | specialized | 8.1/10 | 8.5/10 | 7.7/10 | 7.6/10 |
| 9 | TaxAct Professional Budget-friendly tax prep solution supporting Form 1120-S e-filing, depreciation tools, and S Corp specific optimizations. | specialized | 7.8/10 | 7.5/10 | 8.5/10 | 9.2/10 |
| 10 | TurboTax Business Desktop software for small S Corporations to prepare and print Form 1120-S with guided interviews and K-1 exports. | specialized | 7.6/10 | 7.8/10 | 9.0/10 | 6.8/10 |
Professional-grade tax software with robust support for Form 1120-S, including diagnostics, state filings, and e-filing for S Corporations.
Comprehensive tax preparation platform offering advanced 1120-S handling, multi-state support, and seamless integration for complex S Corp returns.
Cloud-based tax solution with full Form 1120-S capabilities, workflow automation, and diagnostics tailored for S Corporation filings.
Affordable professional tax software supporting 1120-S with unlimited e-filing, error checks, and K-1 generation for S Corps.
User-friendly tax prep software that efficiently handles Form 1120-S for small to mid-sized S Corporations with integrated e-filing.
Scalable tax preparation tool providing detailed 1120-S support, custom calculations, and multi-user collaboration for S Corps.
Cost-effective professional software for preparing and e-filing Form 1120-S with strong support for S Corporation schedules and states.
Cloud-hosted tax software from Intuit with reliable 1120-S functionality, real-time updates, and easy K-1 distribution.
Budget-friendly tax prep solution supporting Form 1120-S e-filing, depreciation tools, and S Corp specific optimizations.
Desktop software for small S Corporations to prepare and print Form 1120-S with guided interviews and K-1 exports.
Lacerte Tax
enterpriseProfessional-grade tax software with robust support for Form 1120-S, including diagnostics, state filings, and e-filing for S Corporations.
Powerful diagnostics engine with Pathways guided navigation that proactively identifies 1120S-specific issues like basis limitations and apportionment errors before submission.
Lacerte Tax, from Intuit, is a premium professional tax preparation software tailored for CPAs and accounting firms handling complex returns like Form 1120S for S-Corporations. It supports full 1120S preparation, including Schedules K-1, M-1/M-2 reconciliations, state apportionments, and shareholder basis tracking. With powerful diagnostics, e-filing, and integrations like QuickBooks, it streamlines high-volume tax workflows while ensuring compliance.
Pros
- Exceptional 1120S support with automated K-1 generation and multi-state filings
- Advanced diagnostics and error-checking for 100% accuracy guarantee on e-filing
- Seamless integrations with QuickBooks and prior-year imports for efficiency
Cons
- Steep learning curve for beginners despite intuitive input screens
- Premium pricing may not suit solo practitioners or small firms
- Occasional performance lags with very large client databases
Best For
Mid-to-large CPA firms and tax professionals managing high volumes of complex S-Corp returns requiring robust compliance and diagnostics.
Pricing
Annual subscriptions start at ~$2,249 for base tax prep module, plus per-return fees (~$10-50/form) and add-ons for states/payroll; volume discounts for firms over 100 returns.
UltraTax CS
enterpriseComprehensive tax preparation platform offering advanced 1120-S handling, multi-state support, and seamless integration for complex S Corp returns.
SmartDiag diagnostics system that performs real-time error checking, compliance validation, and optimization suggestions unique to complex 1120S filings
UltraTax CS from Thomson Reuters is a professional tax preparation software suite designed for CPAs and accounting firms, with strong capabilities for Form 1120S S Corporation returns. It features input-driven data entry, automated calculations across all schedules, and comprehensive diagnostics for accuracy and compliance. The software supports multi-state filings, shareholder basis tracking, and integration with trial balance imports from popular accounting systems. Overall, it streamlines complex corporate tax workflows while ensuring adherence to IRS requirements.
Pros
- Exceptional handling of complex 1120S scenarios including K-1s, basis worksheets, and multi-state apportionments
- Advanced diagnostics engine that flags errors and compliance issues proactively
- Seamless integrations with QuickBooks, CCH Axcess, and other Thomson Reuters tools
Cons
- Steep learning curve due to its depth and customization options
- High subscription costs, especially for full federal/state modules
- Resource-intensive, requiring robust hardware for optimal performance
Best For
Mid-to-large CPA firms managing intricate S Corporation returns with multi-state and shareholder complexities.
Pricing
Annual subscription model starting at ~$3,500 for 1120S module, scaling up to $10,000+ based on firm size, forms volume, and add-ons.
CCH Axcess Tax
enterpriseCloud-based tax solution with full Form 1120-S capabilities, workflow automation, and diagnostics tailored for S Corporation filings.
Intelligent Diagnostics engine that scans 1120S returns for compliance issues, basis limitations, and optimization opportunities in real-time
CCH Axcess Tax by Wolters Kluwer is a cloud-based professional tax preparation software suite designed for CPAs and accounting firms. It provides comprehensive support for Form 1120S S-Corporation returns, including multi-state compliance, K-1 preparation, shareholder basis tracking, and electronic filing. The platform integrates advanced diagnostics, workflow automation, and real-time collaboration to handle complex tax scenarios efficiently.
Pros
- Robust 1120S support with multi-state apportionment and K-1 automation
- Powerful diagnostics and compliance checks reduce errors
- Seamless integration with CCH ProSystem fx and other firm management tools
Cons
- Steep learning curve for new users
- High subscription costs may deter smaller firms
- Cloud dependency can lead to performance issues with poor internet
Best For
Mid-sized to large CPA firms handling complex, high-volume 1120S returns with multi-state requirements.
Pricing
Custom subscription pricing, typically $4,000-$12,000 per preparer annually based on firm size, modules, and return volume.
Drake Tax
specializedAffordable professional tax software supporting 1120-S with unlimited e-filing, error checks, and K-1 generation for S Corps.
Comprehensive shareholder basis computation and tracking worksheets that simplify complex S-Corp allocations
Drake Tax from Drake Software is a comprehensive desktop-based tax preparation solution tailored for professionals handling Form 1120S S-Corporation returns, including federal, state, and K-1 preparations. It features robust diagnostics, automated calculations for shareholder basis, and seamless e-filing for all 50 states plus D.C. The software emphasizes accuracy and efficiency for business tax workflows, with strong support for complex distributions and composites.
Pros
- Exceptional state support for 1120S returns in all jurisdictions
- Powerful diagnostic engine and shareholder basis worksheets
- Outstanding customer support with live chat and phone assistance
Cons
- Primarily desktop-focused with limited cloud mobility
- Interface feels dated compared to modern web-based competitors
- Fewer native integrations with accounting software like QuickBooks
Best For
Small to mid-sized tax firms and preparers seeking reliable, cost-effective 1120S filing with extensive state coverage and top-tier support.
Pricing
Starts at $495 for basic 1120S package; full business suite around $1,695-$1,995 annually with unlimited e-filing and states.
ProSeries Professional
specializedUser-friendly tax prep software that efficiently handles Form 1120-S for small to mid-sized S Corporations with integrated e-filing.
Advanced shareholder basis tracking and automated K-1 distribution
ProSeries Professional is a robust tax preparation software from Intuit tailored for professional accountants, providing comprehensive support for Form 1120S S-Corporation returns including schedules, K-1s, and state filings. It features automated calculations, diagnostic tools, and seamless e-filing to streamline complex corporate tax workflows. The software integrates with QuickBooks for easy data import, making it suitable for firms handling multiple business returns.
Pros
- Strong 1120S support with advanced shareholder basis worksheets and K-1 generation
- Reliable diagnostics, error checks, and multi-state e-filing capabilities
- Seamless integration with QuickBooks and prior-year data import
Cons
- Higher pricing compared to some specialized 1120S alternatives
- Interface feels somewhat dated and less intuitive for beginners
- Limited advanced customization for highly complex S-Corp scenarios
Best For
Mid-sized tax firms and CPAs preparing a high volume of 1120S returns with QuickBooks integration needs.
Pricing
Subscription starts at ~$1,500/year for basic professional edition; scales to $3,000+ with state and advanced modules.
GoSystem Tax RS
enterpriseScalable tax preparation tool providing detailed 1120-S support, custom calculations, and multi-user collaboration for S Corps.
Relational database engine that maintains peak performance even with thousands of returns and clients
GoSystem Tax RS from Wolters Kluwer is an enterprise-grade, web-based tax preparation software tailored for professional firms handling complex 1120S S Corporation returns. It excels in shareholder basis tracking, multi-state apportionments, diagnostics for K-1s, and automated workflows for high-volume filings. The platform integrates with the broader CCH Axcess suite for practice management and document storage.
Pros
- Superior handling of complex 1120S scenarios like multi-state and consolidated returns
- Robust diagnostics and error-checking for accurate K-1 distributions
- Scalable relational database architecture for large client portfolios
Cons
- Steep learning curve and interface less intuitive for smaller firms
- High cost unsuitable for solo practitioners or small teams
- Limited customization options compared to some competitors
Best For
Mid-to-large CPA firms with high-volume, complex 1120S returns requiring enterprise scalability.
Pricing
Enterprise subscription pricing; custom quotes typically $4,000-$10,000+ annually per preparer, depending on firm size and modules.
TaxSlayer Pro
specializedCost-effective professional software for preparing and e-filing Form 1120-S with strong support for S Corporation schedules and states.
Flexible pay-per-return model with no upcharges for 1120S or state filings
TaxSlayer Pro is a cloud-based professional tax software tailored for tax preparers, offering robust support for Form 1120S S-Corporation returns including Schedules K, K-1s, and shareholder basis worksheets. It enables electronic filing for federal and most state returns, with built-in diagnostics and data import from prior years or QuickBooks. The platform emphasizes affordability and accessibility, making it suitable for firms handling moderate volumes of business returns.
Pros
- Highly affordable pricing with no hidden fees for 1120S forms
- Reliable e-filing and high IRS acceptance rates
- Cloud-based access from any device with strong security
Cons
- Interface feels dated compared to premium competitors
- Limited advanced planning tools for complex S-Corps
- Customer support can be slower during peak season
Best For
Small to mid-sized tax firms or solo preparers focused on cost-effective 1120S filing for straightforward S-Corporations.
Pricing
Starts at $1,245/year for 100 federal returns (pay-per-return from $5/return); unlimited states included in base plans.
ProConnect Tax Online
specializedCloud-hosted tax software from Intuit with reliable 1120-S functionality, real-time updates, and easy K-1 distribution.
Real-time collaborative editing allowing multiple preparers to work on the same 1120S return simultaneously
ProConnect Tax Online is a cloud-based professional tax preparation platform from Intuit, tailored for accountants handling complex returns like Form 1120S for S-Corporations. It streamlines 1120S filing with automated calculations for shareholder basis, K-1 distributions, and multi-state apportionments. The software integrates with QuickBooks for efficient data import and supports real-time collaboration across teams.
Pros
- Strong 1120S support with advanced shareholder tracking and diagnostics
- Cloud-based access with automatic updates and mobile compatibility
- Seamless integration with QuickBooks for trial balance imports
Cons
- Higher pricing model with per-return fees adding up quickly
- Learning curve for complex 1120S workflows despite intuitive interface
- Occasional performance lags during peak tax season
Best For
Mid-sized accounting firms using Intuit tools that prioritize cloud collaboration for 1120S returns.
Pricing
Annual subscription starts at ~$1,500/user plus $10-50 per 1120S return; volume discounts available.
TaxAct Professional
specializedBudget-friendly tax prep solution supporting Form 1120-S e-filing, depreciation tools, and S Corp specific optimizations.
Budget-friendly Q&A interview format that mimics consumer tax software for quick, error-reduced S-Corp preparation
TaxAct Professional is an affordable tax preparation software tailored for CPAs and tax pros handling Form 1120S S-Corporation returns, supporting federal and multi-state filings with e-filing capabilities. It features an intuitive Q&A-driven interview process, automated calculations, diagnostics, and prior-year data import to streamline workflows. Ideal for smaller practices, it prioritizes cost-efficiency and reliability over enterprise-level complexity.
Pros
- Exceptionally low pricing with per-return or bundled options
- User-friendly interview-style interface that speeds up data entry
- Reliable e-filing for federal and most states with strong diagnostics
Cons
- Lacks advanced features for highly complex S-Corp returns like those in top-tier software
- Customer support is email/phone-based without live chat or 24/7 access
- Limited third-party integrations compared to competitors
Best For
Small to mid-sized tax firms or solo practitioners preparing straightforward 1120S returns on a tight budget.
Pricing
Federal 1120S starts at $124 per return; bundles with states from $169; volume discounts and annual subscriptions reduce costs further.
TurboTax Business
specializedDesktop software for small S Corporations to prepare and print Form 1120-S with guided interviews and K-1 exports.
One-click import from QuickBooks to automatically populate 1120S forms and schedules
TurboTax Business is a desktop tax preparation software from Intuit designed for small businesses, including S Corporations filing Form 1120S, partnerships, and multi-member LLCs. It offers a guided interview process to input financial data, calculate deductions, generate Schedule K-1s, and prepare state returns. The software supports e-filing and includes error-checking tools to ensure compliance with IRS requirements for 1120S returns.
Pros
- Intuitive step-by-step interview process simplifies complex 1120S preparation
- Seamless integration with QuickBooks for easy data import
- Reliable e-filing, error checks, and audit support included
Cons
- Higher cost compared to basic online alternatives
- Desktop-only software requires download and installation
- Less suitable for highly complex S Corps with advanced needs
Best For
Small S Corporation owners familiar with QuickBooks who want guided, user-friendly tax filing without hiring a professional.
Pricing
Approximately $190 for federal and one state return (desktop download; additional states extra).
Conclusion
The reviewed 1120S software caters to diverse needs, with Lacerte Tax emerging as the top choice, offering robust support, diagnostics, and end-to-end filing capabilities. UltraTax CS and CCH Axcess Tax are standout alternatives, excelling in complex multi-state handling and cloud-based automation, respectively. Readers can find the best fit by aligning features with their specific S Corporation requirements.
Take the next step with Lacerte Tax to streamline your S Corporation filings and leverage its professional-grade tools—an investment in efficiency that leads the pack.
Tools Reviewed
All tools were independently evaluated for this comparison
Referenced in the comparison table and product reviews above.