Quick Overview
- 1#1: Lacerte - Professional-grade tax preparation software optimized for complex S Corporation returns including Form 1120S, K-1s, and e-filing.
- 2#2: UltraTax CS - Enterprise tax software providing comprehensive S Corp tax compliance with advanced diagnostics, workflow automation, and multi-state support.
- 3#3: Drake Tax - Cost-effective professional tax software for efficient S Corp Form 1120S preparation, shareholder K-1s, and electronic filing.
- 4#4: CCH Axcess Tax - Cloud-based tax preparation platform for S Corporations with robust planning tools, compliance checks, and seamless data integration.
- 5#5: ProConnect Tax Online - Cloud-hosted tax software supporting S Corp returns with real-time collaboration, error checks, and integrated bookkeeping.
- 6#6: GoSystem Tax RS - Scalable web-based tax solution for large firms handling S Corp tax returns with customizable workflows and global compliance.
- 7#7: ProSeries Professional - Desktop tax software for professional preparers offering S Corp 1120S filing, diagnostics, and QuickBooks integration.
- 8#8: TaxSlayer Pro - User-friendly professional tax prep tool for S Corporations with fast e-filing, unlimited forms, and value pricing.
- 9#9: TaxWise - Reliable tax preparation software supporting S Corp returns, multi-state filings, and practitioner workflow efficiencies.
- 10#10: TaxAct Professional - Affordable professional tax software for S Corp Form 1120S preparation with guided navigation and e-file capabilities.
Tools were selected for their ability to handle complex S Corp requirements, integrate with essential workflows, offer user-friendly design, and deliver strong value, ensuring they prioritize accuracy and efficiency for preparers and businesses alike
Comparison Table
S Corp tax preparation demands robust tools; the right software enhances accuracy, simplifies compliance, and saves time. This comparison table examines top options like Lacerte, UltraTax CS, Drake Tax, CCH Axcess Tax, ProConnect Tax Online, and more, outlining key features and strengths. Readers will discover how each tool aligns with their needs, enabling informed choices for efficient tax filing.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | Lacerte Professional-grade tax preparation software optimized for complex S Corporation returns including Form 1120S, K-1s, and e-filing. | specialized | 9.7/10 | 9.8/10 | 8.6/10 | 9.2/10 |
| 2 | UltraTax CS Enterprise tax software providing comprehensive S Corp tax compliance with advanced diagnostics, workflow automation, and multi-state support. | enterprise | 9.1/10 | 9.6/10 | 8.2/10 | 8.4/10 |
| 3 | Drake Tax Cost-effective professional tax software for efficient S Corp Form 1120S preparation, shareholder K-1s, and electronic filing. | specialized | 8.7/10 | 9.0/10 | 8.5/10 | 9.5/10 |
| 4 | CCH Axcess Tax Cloud-based tax preparation platform for S Corporations with robust planning tools, compliance checks, and seamless data integration. | enterprise | 8.5/10 | 9.2/10 | 7.4/10 | 7.6/10 |
| 5 | ProConnect Tax Online Cloud-hosted tax software supporting S Corp returns with real-time collaboration, error checks, and integrated bookkeeping. | specialized | 8.7/10 | 9.2/10 | 8.4/10 | 8.1/10 |
| 6 | GoSystem Tax RS Scalable web-based tax solution for large firms handling S Corp tax returns with customizable workflows and global compliance. | enterprise | 8.1/10 | 9.2/10 | 6.8/10 | 7.4/10 |
| 7 | ProSeries Professional Desktop tax software for professional preparers offering S Corp 1120S filing, diagnostics, and QuickBooks integration. | specialized | 8.1/10 | 8.5/10 | 7.8/10 | 7.5/10 |
| 8 | TaxSlayer Pro User-friendly professional tax prep tool for S Corporations with fast e-filing, unlimited forms, and value pricing. | specialized | 7.8/10 | 7.4/10 | 8.6/10 | 9.2/10 |
| 9 | TaxWise Reliable tax preparation software supporting S Corp returns, multi-state filings, and practitioner workflow efficiencies. | specialized | 7.6/10 | 8.2/10 | 7.1/10 | 6.9/10 |
| 10 | TaxAct Professional Affordable professional tax software for S Corp Form 1120S preparation with guided navigation and e-file capabilities. | specialized | 7.6/10 | 7.4/10 | 7.8/10 | 8.5/10 |
Professional-grade tax preparation software optimized for complex S Corporation returns including Form 1120S, K-1s, and e-filing.
Enterprise tax software providing comprehensive S Corp tax compliance with advanced diagnostics, workflow automation, and multi-state support.
Cost-effective professional tax software for efficient S Corp Form 1120S preparation, shareholder K-1s, and electronic filing.
Cloud-based tax preparation platform for S Corporations with robust planning tools, compliance checks, and seamless data integration.
Cloud-hosted tax software supporting S Corp returns with real-time collaboration, error checks, and integrated bookkeeping.
Scalable web-based tax solution for large firms handling S Corp tax returns with customizable workflows and global compliance.
Desktop tax software for professional preparers offering S Corp 1120S filing, diagnostics, and QuickBooks integration.
User-friendly professional tax prep tool for S Corporations with fast e-filing, unlimited forms, and value pricing.
Reliable tax preparation software supporting S Corp returns, multi-state filings, and practitioner workflow efficiencies.
Affordable professional tax software for S Corp Form 1120S preparation with guided navigation and e-file capabilities.
Lacerte
specializedProfessional-grade tax preparation software optimized for complex S Corporation returns including Form 1120S, K-1s, and e-filing.
Advanced shareholder basis worksheet automation with carryover tracking and diagnostic alerts for IRC compliance
Lacerte by Intuit is a leading professional tax preparation software tailored for CPAs and tax firms handling complex business returns, including S Corporations via Form 1120S. It offers automated calculations for schedules K-1, shareholder basis worksheets, multi-state apportionments, and depreciation, with built-in diagnostics to ensure accuracy and compliance. The platform supports high-volume e-filing, direct deposit refunds, and seamless integration with QuickBooks for streamlined workflows.
Pros
- Comprehensive S Corp support including advanced basis tracking, rental allocations, and multi-state filings
- Powerful diagnostics and error-checking tools that minimize rejection rates
- Seamless Intuit ecosystem integration for QuickBooks data import and bank products
Cons
- Steep learning curve for beginners due to dense interface
- High pricing that may deter smaller practices
- Occasional performance lags with very large client files
Best For
Established CPAs and tax firms preparing high volumes of complex S Corporation returns requiring precision and compliance.
Pricing
Base subscription starts at ~$1,500/year plus per-return fees (~$1-2 per federal return); scales with modules and volume discounts available.
UltraTax CS
enterpriseEnterprise tax software providing comprehensive S Corp tax compliance with advanced diagnostics, workflow automation, and multi-state support.
Sophisticated shareholder basis tracking and worksheet tools that automatically reconcile distributions, loans, and prior-year carryovers.
UltraTax CS from Thomson Reuters is a professional tax preparation software designed for CPAs and tax firms handling S Corporation returns (Form 1120S), offering comprehensive federal and multi-state support. It automates complex calculations like shareholder basis tracking, K-1 distributions, and diagnostics to ensure accuracy and compliance. The platform integrates seamlessly with Thomson Reuters' ecosystem, including practice management and audit tools, streamlining workflows for high-volume preparers.
Pros
- Extensive federal and state form support with automated K-1 generation
- Advanced diagnostics and error-checking for compliance
- Robust shareholder basis worksheets and multi-state apportionment
Cons
- Steep learning curve for beginners
- High annual subscription costs
- Resource-intensive requiring powerful hardware
Best For
Mid-to-large tax firms and CPAs managing complex, high-volume S Corp returns with multi-state requirements.
Pricing
Annual subscriptions start at around $3,500 for core modules, scaling to $10,000+ with additional states, e-filing, and firm size; custom quotes via Thomson Reuters.
Drake Tax
specializedCost-effective professional tax software for efficient S Corp Form 1120S preparation, shareholder K-1s, and electronic filing.
Industry-leading diagnostics engine that proactively flags errors and optimizes S Corp return accuracy before submission
Drake Tax is a professional-grade tax preparation software tailored for CPAs, EAs, and tax firms, offering full support for S Corporation returns via Form 1120S and related schedules. It automates complex calculations, diagnostics, error-checking, and e-filing for federal and all 50 states, with seamless integration for K-1 distributions and shareholder basis tracking. The platform also includes practice management tools, document assembly, and optional bank products for client refund processing.
Pros
- Exceptional value with unlimited federal and state e-filing in base packages
- Top-rated customer support via phone, chat, and extensive knowledge base
- Robust S Corp tools including diagnostics, basis worksheets, and multi-state handling
Cons
- User interface appears dated compared to modern cloud-based competitors
- Steeper learning curve for beginners despite intuitive navigation
- Limited native integrations with non-tax accounting software
Best For
Small to mid-sized tax practices and solo professionals seeking reliable, cost-effective S Corp preparation without high-volume enterprise needs.
Pricing
Single-user unlimited package starts at ~$1,700-$2,200 annually (2024 pricing), with multi-user and add-ons extra; no per-return fees.
CCH Axcess Tax
enterpriseCloud-based tax preparation platform for S Corporations with robust planning tools, compliance checks, and seamless data integration.
Proactive diagnostics engine with SurePrep integration for automated review and issue detection
CCH Axcess Tax is a robust, cloud-based tax preparation platform from Wolters Kluwer, tailored for professional tax firms handling complex returns including S Corporation Form 1120S, Schedules K-1, and multi-state filings. It features automated calculations, error diagnostics, and seamless integration with practice management tools for streamlined workflows. The software emphasizes compliance with IRS and state regulations, making it suitable for high-volume S Corp preparers.
Pros
- Comprehensive support for complex S Corp returns with advanced diagnostics and error-checking
- Strong multi-state compliance and e-filing capabilities
- Deep integration with CCH Axcess suite for firm-wide efficiency
Cons
- Steep learning curve for new users
- High subscription costs that may not suit small firms
- Cloud dependency requires reliable internet
Best For
Mid-sized to large tax firms managing high volumes of complex S Corp returns who value integration and compliance tools.
Pricing
Subscription-based pricing starts at around $5,000-$10,000 annually per user, scaling with firm size and return volume; pay-per-return options available.
ProConnect Tax Online
specializedCloud-hosted tax software supporting S Corp returns with real-time collaboration, error checks, and integrated bookkeeping.
IntelliConnect diagnostics that proactively flags errors and optimizes S Corp calculations for accuracy and compliance
ProConnect Tax Online is a cloud-based professional tax preparation software from Intuit, designed for CPAs and tax firms handling complex returns like S Corporation Form 1120S. It offers robust calculation engines, automated diagnostics, multi-state support, and K-1 generation for shareholders. Accessible from any device, it integrates seamlessly with QuickBooks for streamlined data import and supports e-filing with high acceptance rates.
Pros
- Powerful diagnostics and error-checking tools reduce preparation time
- Seamless QuickBooks integration for easy financial data import
- Cloud accessibility enables remote work and real-time collaboration
Cons
- Subscription and per-return costs can add up for high-volume firms
- Steeper learning curve for users new to professional-grade software
- Requires reliable internet, with occasional performance lags reported
Best For
Mid-sized tax firms and CPAs preparing complex S Corp returns who need cloud mobility and QuickBooks integration.
Pricing
Pay-per-return model with S Corp federal returns at ~$165, plus state fees; annual bundles start at $4,000+ for unlimited filings.
GoSystem Tax RS
enterpriseScalable web-based tax solution for large firms handling S Corp tax returns with customizable workflows and global compliance.
Workbook-style relational database that allows unlimited customization and drill-down for precise S Corp shareholder basis tracking and allocations
GoSystem Tax RS from Thomson Reuters is a robust, enterprise-grade tax preparation software tailored for complex returns, including S Corporation Form 1120S filings with detailed shareholder allocations and K-1 generation. It features a workbook-style interface that mimics Excel for flexible data entry, supporting federal, state, multi-state apportionment, and international tax compliance. The platform excels in diagnostics, error resolution, and seamless e-filing, making it suitable for high-volume professional use.
Pros
- Exceptional handling of complex S Corp allocations, basis worksheets, and multi-state compliance
- Powerful diagnostics and real-time error checking to minimize filing issues
- Seamless integration with Thomson Reuters ecosystem like Practice CS and GoFileRoom
Cons
- Steep learning curve due to customizable workbook interface requiring significant training
- High cost prohibitive for small firms or solo practitioners
- Less intuitive for simple returns compared to consumer-friendly alternatives
Best For
Mid-sized to large accounting firms managing high-volume or intricate S Corp tax returns with multiple shareholders and states.
Pricing
Custom enterprise pricing starting at around $5,000-$10,000+ annually based on users, returns volume, and add-ons; requires quote.
ProSeries Professional
specializedDesktop tax software for professional preparers offering S Corp 1120S filing, diagnostics, and QuickBooks integration.
Advanced Smart Diagnostics that proactively identifies and resolves compliance issues before filing
ProSeries Professional from Intuit is a professional-grade tax preparation software tailored for CPAs and tax firms, offering robust support for S Corporation returns via Form 1120S and related schedules. It includes tools for federal and state filing, automated calculations, diagnostics, and e-filing to streamline complex business tax workflows. The software integrates seamlessly with other Intuit products and provides reliable bank products for refunds and payments.
Pros
- Comprehensive Form 1120S support with all schedules and K-1 generation
- Reliable high-volume e-filing and rapid refund processing
- Strong diagnostics engine to catch errors and ensure compliance
Cons
- Subscription pricing escalates quickly with add-ons for states and forms
- Interface is functional but dated compared to modern competitors
- Steeper learning curve for non-expert users
Best For
Mid-sized tax firms and CPAs handling moderate volumes of S Corp returns alongside individual and partnership filings.
Pricing
Starts at $449 for basic editions; professional bundles range from $1,999 to $4,295 annually, plus per-state fees.
TaxSlayer Pro
specializedUser-friendly professional tax prep tool for S Corporations with fast e-filing, unlimited forms, and value pricing.
Flat-rate unlimited federal e-filing, providing exceptional value for high-volume S Corp preparers
TaxSlayer Pro is professional tax preparation software tailored for tax professionals, supporting a wide range of returns including S Corporation Form 1120S with Schedules K-1, shareholder distributions, and multi-state filings. It offers tools for e-filing, error checks, and basic bookkeeping integration, making it suitable for small to mid-sized firms. The platform emphasizes affordability and simplicity over advanced enterprise features.
Pros
- Highly affordable flat-rate pricing for unlimited federal returns
- Intuitive interface with quick navigation for S Corp forms
- Reliable e-filing and basic error-checking tools
Cons
- Lacks advanced diagnostics and automation found in premium competitors
- Limited third-party integrations like full QuickBooks sync
- State return support requires additional per-state fees
Best For
Small tax firms or solo preparers seeking cost-effective S Corp filing without complex enterprise needs.
Pricing
Base plan starts at $1,295 for unlimited federal returns; state returns $35-$45 each, with bundles up to $2,500+ for full access.
TaxWise
specializedReliable tax preparation software supporting S Corp returns, multi-state filings, and practitioner workflow efficiencies.
Integrated diagnostics engine that proactively flags errors, ensures IRC compliance, and suggests optimizations for S Corp filings
TaxWise, from Wolters Kluwer, is professional-grade tax preparation software tailored for CPAs and tax firms handling complex returns, including S Corporation Form 1120S filings. It supports full S Corp compliance with shareholder K-1 generation, multi-state allocations, depreciation tracking, and e-filing capabilities. The software integrates diagnostics, practice management tools, and paperless workflows to streamline high-volume preparations.
Pros
- Comprehensive 1120S support with advanced K-1 and allocation tools
- Reliable e-filing, state returns, and diagnostics for compliance
- Strong integration with Wolters Kluwer ecosystem and customer support
Cons
- Dated interface with steeper learning curve
- High cost for smaller firms or low-volume users
- Primarily desktop-based with limited cloud flexibility
Best For
Established tax professionals or mid-sized firms preparing high volumes of S Corp returns needing robust compliance features.
Pricing
Annual subscriptions start around $1,500-$3,000+ depending on user count, return volume, states, and add-ons like e-filing bundles.
TaxAct Professional
specializedAffordable professional tax software for S Corp Form 1120S preparation with guided navigation and e-file capabilities.
Seamless QuickBooks integration and prior-year rollover for fast S Corp data population
TaxAct Professional is a desktop-based tax preparation software tailored for professional tax preparers handling business returns, including comprehensive support for S Corporation Form 1120S filings, Schedules K-1, and related state returns. It enables efficient multi-client management, e-filing with the IRS, and integration with prior-year data for streamlined workflows. The software emphasizes accuracy through built-in diagnostics and error checks, making it suitable for small to mid-sized practices.
Pros
- Affordable pricing with strong value for basic to moderate S Corp needs
- Reliable e-filing and full support for 1120S, K-1s, and multi-state returns
- Efficient data import from QuickBooks and prior years
Cons
- Dated interface compared to modern competitors
- Limited advanced scenario modeling and planning tools
- Customer support relies heavily on self-help resources
Best For
Small tax firms or solo preparers managing straightforward S Corp returns on a tight budget.
Pricing
Product editions start at ~$300 (e.g., 1120S for 5 returns), with full bundles ~$1,200-$2,000 annually for unlimited filings and states.
Conclusion
The landscape of S Corp tax software offers robust options, with Lacerte leading as the top choice for its professional-grade focus on complex Form 1120S, K-1s, and e-filing needs. UltraTax CS impresses as a strong alternative, providing comprehensive enterprise support with advanced diagnostics and multi-state capabilities, while Drake Tax stands out for its cost-effectiveness and efficient preparation tools. Each option caters to distinct needs, ensuring reliable performance for a range of users.
Elevate your S Corp tax workflow—try Lacerte today to leverage its optimized tools for accurate, seamless filing, from complex returns to e-filing, and take control of your tax preparation process.
Tools Reviewed
All tools were independently evaluated for this comparison