Quick Overview
- 1#1: Lacerte - Professional tax software excelling in complex S Corporation Form 1120S preparation, K-1 distributions, and multi-state compliance.
- 2#2: UltraTax CS - Robust tax preparation platform with superior S Corp return handling, automated calculations, and integrated workflow tools.
- 3#3: CCH Axcess Tax - Cloud-based enterprise tax solution for efficient S Corporation tax filings, shareholder allocations, and compliance reporting.
- 4#4: Drake Tax - Affordable, high-value tax software with strong support for S Corp 1120S forms, diagnostics, and e-filing capabilities.
- 5#5: ProSeries - Intuit's professional desktop tax prep tool optimized for S Corporation returns and seamless integration with QuickBooks.
- 6#6: GoSystem Tax RS - Scalable tax preparation software for S Corps featuring real-time collaboration, advanced diagnostics, and global compliance.
- 7#7: TaxSlayer Pro - Cost-effective professional tax software with reliable S Corporation support, fast e-filing, and user-friendly interface.
- 8#8: ATX - Streamlined tax preparation for small firms handling S Corp returns with essential features and competitive pricing.
- 9#9: TaxWise - Comprehensive tax software supporting S Corporation Form 1120S, K-1s, and state variations for professional preparers.
- 10#10: ProConnect Tax Online - Cloud-hosted tax solution from Intuit for S Corp tax prep with mobile access and automatic updates.
We ranked these tools based on critical factors—including depth of S Corp-specific features, automation capabilities, user experience, integration with related systems, and overall value—to ensure they deliver reliable support for both simple and complex compliance needs.
Comparison Table
This comparison table explores top S corporation tax software options, featuring Lacerte, UltraTax CS, CCH Axcess Tax, Drake Tax, ProSeries, and more, to simplify evaluation. Readers will discover key functionalities, usability, and suitability for varied business needs, aiding informed choices for efficient tax management.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | Lacerte Professional tax software excelling in complex S Corporation Form 1120S preparation, K-1 distributions, and multi-state compliance. | enterprise | 9.5/10 | 9.8/10 | 8.5/10 | 9.2/10 |
| 2 | UltraTax CS Robust tax preparation platform with superior S Corp return handling, automated calculations, and integrated workflow tools. | enterprise | 9.1/10 | 9.5/10 | 8.0/10 | 8.4/10 |
| 3 | CCH Axcess Tax Cloud-based enterprise tax solution for efficient S Corporation tax filings, shareholder allocations, and compliance reporting. | enterprise | 8.4/10 | 9.1/10 | 7.6/10 | 7.8/10 |
| 4 | Drake Tax Affordable, high-value tax software with strong support for S Corp 1120S forms, diagnostics, and e-filing capabilities. | specialized | 8.7/10 | 9.1/10 | 8.2/10 | 9.3/10 |
| 5 | ProSeries Intuit's professional desktop tax prep tool optimized for S Corporation returns and seamless integration with QuickBooks. | specialized | 8.6/10 | 9.1/10 | 8.4/10 | 8.0/10 |
| 6 | GoSystem Tax RS Scalable tax preparation software for S Corps featuring real-time collaboration, advanced diagnostics, and global compliance. | enterprise | 8.1/10 | 9.2/10 | 6.8/10 | 7.4/10 |
| 7 | TaxSlayer Pro Cost-effective professional tax software with reliable S Corporation support, fast e-filing, and user-friendly interface. | specialized | 7.6/10 | 7.4/10 | 8.1/10 | 9.2/10 |
| 8 | ATX Streamlined tax preparation for small firms handling S Corp returns with essential features and competitive pricing. | specialized | 8.1/10 | 8.4/10 | 7.8/10 | 7.9/10 |
| 9 | TaxWise Comprehensive tax software supporting S Corporation Form 1120S, K-1s, and state variations for professional preparers. | specialized | 7.6/10 | 8.1/10 | 6.9/10 | 7.2/10 |
| 10 | ProConnect Tax Online Cloud-hosted tax solution from Intuit for S Corp tax prep with mobile access and automatic updates. | enterprise | 7.1/10 | 7.5/10 | 7.0/10 | 6.5/10 |
Professional tax software excelling in complex S Corporation Form 1120S preparation, K-1 distributions, and multi-state compliance.
Robust tax preparation platform with superior S Corp return handling, automated calculations, and integrated workflow tools.
Cloud-based enterprise tax solution for efficient S Corporation tax filings, shareholder allocations, and compliance reporting.
Affordable, high-value tax software with strong support for S Corp 1120S forms, diagnostics, and e-filing capabilities.
Intuit's professional desktop tax prep tool optimized for S Corporation returns and seamless integration with QuickBooks.
Scalable tax preparation software for S Corps featuring real-time collaboration, advanced diagnostics, and global compliance.
Cost-effective professional tax software with reliable S Corporation support, fast e-filing, and user-friendly interface.
Streamlined tax preparation for small firms handling S Corp returns with essential features and competitive pricing.
Comprehensive tax software supporting S Corporation Form 1120S, K-1s, and state variations for professional preparers.
Cloud-hosted tax solution from Intuit for S Corp tax prep with mobile access and automatic updates.
Lacerte
enterpriseProfessional tax software excelling in complex S Corporation Form 1120S preparation, K-1 distributions, and multi-state compliance.
Advanced Diagnostics engine that proactively identifies and resolves potential errors in S Corp calculations and compliance.
Lacerte, developed by Intuit, is a premier professional tax preparation software renowned for its robust support of S Corporation tax returns (Form 1120S). It provides advanced calculations for complex scenarios like multi-state filings, shareholder basis tracking, and K-1 distributions, along with seamless e-filing and diagnostics. Ideal for CPAs and tax firms, it integrates with QuickBooks and offers paperless workflows to enhance efficiency during tax season.
Pros
- Exceptional support for complex S Corp returns including basis worksheets and multi-state compliance
- Powerful diagnostics and error-checking tools that minimize filing rejections
- Seamless integration with Intuit products like QuickBooks and ProSeries for streamlined workflows
Cons
- Steep learning curve for new users due to its professional-grade interface
- High cost, especially for smaller firms with per-return fees for states
- Occasional performance lags with very large datasets
Best For
High-volume tax professionals and CPAs handling complex S Corporation returns with multi-state and shareholder complexities.
Pricing
Subscription-based starting at around $1,500-$3,000 annually for unlimited federal returns, plus per-return fees ($10-$50) for states and additional modules.
UltraTax CS
enterpriseRobust tax preparation platform with superior S Corp return handling, automated calculations, and integrated workflow tools.
Advanced shareholder basis worksheets with automated tracking and what-if scenarios
UltraTax CS is a comprehensive desktop-based tax preparation software from Thomson Reuters, tailored for professional accountants handling S Corporation returns, including Form 1120S, Schedules K-1, and detailed shareholder basis computations. It supports federal, state, and local filings with automated diagnostics, error-checking, and e-filing capabilities. The software integrates seamlessly with other CS Professional Suite tools for trial balance import and practice management, streamlining workflows for complex tax scenarios.
Pros
- Extensive federal and multi-state S Corp form support with automated calculations
- Robust diagnostics and review tools to minimize errors
- Seamless integration with Thomson Reuters ecosystem for data import/export
Cons
- Steep learning curve due to input-driven interface
- High subscription costs for smaller firms
- Desktop-only, lacking full cloud mobility
Best For
Mid-to-large CPA firms managing complex, multi-state S Corporation returns with high-volume clients.
Pricing
Subscription-based, typically $3,500-$6,000+ annually per user for core 1120S module, plus per-state fees; custom quotes based on firm size and add-ons.
CCH Axcess Tax
enterpriseCloud-based enterprise tax solution for efficient S Corporation tax filings, shareholder allocations, and compliance reporting.
Intelligent Diagnostics engine that proactively identifies errors and compliance issues in real-time
CCH Axcess Tax is a robust, cloud-based tax preparation platform from Wolters Kluwer tailored for professional firms, offering comprehensive support for S Corporation returns including Form 1120S, Schedules K-1, and multi-state filings. It features real-time calculations, intelligent diagnostics, and seamless integration with practice management tools for efficient workflows. Ideal for handling complex S Corp tax scenarios with high accuracy and compliance.
Pros
- Extensive federal and state support with over 7,000 diagnostics for S Corp returns
- Seamless e-filing and bank product integrations for faster refunds
- Cloud-based collaboration and workflow automation for team efficiency
Cons
- Steep learning curve for new users due to its depth
- High cost, especially for smaller firms
- Occasional performance issues in high-volume peak seasons
Best For
Mid-sized to large CPA firms managing complex S Corporation returns with multi-state requirements.
Pricing
Custom subscription pricing based on firm size and volume, typically $5,000–$20,000+ annually plus per-return fees.
Drake Tax
specializedAffordable, high-value tax software with strong support for S Corp 1120S forms, diagnostics, and e-filing capabilities.
Advanced diagnostics engine that proactively identifies errors, compliance issues, and optimization opportunities in complex S Corp returns
Drake Tax is a professional-grade tax preparation software widely used by CPAs and EAs for handling S Corporation returns (Form 1120S). It automates complex calculations for income, deductions, credits, and shareholder allocations, while generating Schedules K-1 and supporting multi-state filings. The software includes robust diagnostics, e-filing capabilities, and integration with accounting tools to streamline workflows for business tax preparers.
Pros
- Comprehensive S Corp support with automated K-1 generation and multi-state compliance
- Exceptional value through affordable pricing and unlimited e-filing
- Reliable customer support and frequent free updates
Cons
- Dated user interface that feels less modern than competitors
- Steeper learning curve for beginners due to data-entry focus
- Windows-only, lacking native Mac support
Best For
Small to mid-sized tax firms and independent preparers handling high volumes of S Corporation returns who value cost savings and robust support.
Pricing
Annual plans start at ~$1,495 for Professional (includes business returns); full bundles ~$2,195; pay-per-return options from $1.50-$10 per return.
ProSeries
specializedIntuit's professional desktop tax prep tool optimized for S Corporation returns and seamless integration with QuickBooks.
Advanced Diagnostics engine that scans returns in real-time to prevent errors and optimize refunds
ProSeries by Intuit is professional tax preparation software tailored for CPAs and tax pros, offering comprehensive support for S Corporation returns via Form 1120S and related schedules. It includes robust e-filing, direct deposit options, and integration with QuickBooks for seamless data import. The software features advanced diagnostics to catch errors and ensure compliance with IRS requirements.
Pros
- Comprehensive S Corp form support with K-1 generation and state filings
- Powerful diagnostics and error-checking tools for accuracy
- Seamless QuickBooks integration for financial data import
Cons
- High subscription costs with add-ons for business modules
- Interface feels somewhat dated compared to modern alternatives
- Steeper learning curve for non-expert users
Best For
Professional tax preparers and mid-sized accounting firms handling multiple S Corporation returns who prioritize reliability and Intuit ecosystem compatibility.
Pricing
Annual subscriptions from $449 for basic (1040-focused) to $2,500+ for full professional with unlimited S Corp e-filing; pay-per-return options available.
GoSystem Tax RS
enterpriseScalable tax preparation software for S Corps featuring real-time collaboration, advanced diagnostics, and global compliance.
Relational database architecture enabling intricate entity relationships and automated consolidations for S Corps with multiple shareholders and states
GoSystem Tax RS from Thomson Reuters is a robust, enterprise-grade tax preparation software tailored for complex corporate returns, including S Corporation Form 1120S filings. It supports multi-state compliance, shareholder K-1 generation, basis worksheets, and consolidated reporting with advanced diagnostics. Ideal for high-volume professional firms, it integrates seamlessly with Thomson Reuters' ecosystem for streamlined workflows.
Pros
- Exceptional handling of complex S Corp scenarios like multi-state apportionment and shareholder basis tracking
- Powerful diagnostics and error-checking for compliance assurance
- Seamless integration with GoFileRoom and other TR tools for large practices
Cons
- Steep learning curve and dated interface requiring significant training
- High cost prohibitive for small firms or solo practitioners
- Slower performance with very large return volumes compared to competitors
Best For
Large CPA firms managing high-complexity, multi-state S Corporation returns for numerous clients.
Pricing
Enterprise subscription pricing starts at $5,000-$15,000+ annually per preparer, scaling with firm size, return volume, and add-ons; custom quotes required.
TaxSlayer Pro
specializedCost-effective professional tax software with reliable S Corporation support, fast e-filing, and user-friendly interface.
Low per-return fees that scale economically for high-volume S Corp preparers
TaxSlayer Pro is professional tax preparation software designed for CPAs, accountants, and tax pros to handle S Corporation returns using Form 1120S, including Schedules K, K-1s for shareholders, depreciation, and credits. It supports federal and state e-filing, diagnostics, and import from prior years or QuickBooks. The platform emphasizes affordability and speed for mid-volume preparers, with cloud access and basic practice management integration.
Pros
- Highly affordable per-return pricing
- Reliable e-filing for 1120S and most states
- Intuitive interface with strong diagnostics
Cons
- Limited advanced analytics or reporting
- Fewer integrations with accounting software
- Support response times can vary
Best For
Small to mid-sized tax firms or independent preparers seeking cost-effective S Corp filing without needing enterprise-level features.
Pricing
Annual subscriptions from $1,295 (Pro I Series) to $2,995+ (full bundles); pay-per-return from $7.50 federal 1120S.
ATX
specializedStreamlined tax preparation for small firms handling S Corp returns with essential features and competitive pricing.
Advanced M-3 reconciliation and shareholder basis tracking for precise S Corp compliance
ATX by Wolters Kluwer is a professional-grade tax preparation software tailored for CPAs and tax firms handling S Corporation returns, supporting Form 1120S, Schedules K-1, and related reconciliations. It offers comprehensive federal and state compliance tools, including diagnostics, e-filing, and data import from accounting software. Ideal for complex returns, it streamlines multi-state apportionment and shareholder basis calculations.
Pros
- Extensive multi-state S Corp support with automated apportionment
- Robust diagnostics and error-checking for compliance
- Seamless e-filing and K-1 distribution tools
Cons
- Dated user interface with a learning curve
- Pricing can add up with per-state modules
- Limited mobile or cloud collaboration features
Best For
Mid-sized tax firms managing high volumes of complex S Corporation returns across multiple states.
Pricing
Subscription-based starting at ~$2,500/year for core modules; additional fees for states (~$300 each) and unlimited returns plans up to $5,000+.
TaxWise
specializedComprehensive tax software supporting S Corporation Form 1120S, K-1s, and state variations for professional preparers.
Advanced diagnostic engine that flags S Corp-specific issues like basis limitations and passive activity rules in real-time
TaxWise, from Wolters Kluwer, is professional tax preparation software tailored for CPAs and tax firms, supporting S Corporation returns via Form 1120S with comprehensive data entry, calculations, and diagnostics. It enables e-filing, state return processing, and integration with practice management tools. The software emphasizes accuracy and compliance for business entities like S Corps, including K-1 generation and shareholder allocations.
Pros
- Robust support for Form 1120S including complex allocations and K-1s
- Reliable e-filing and diagnostics for compliance
- Strong integration with Wolters Kluwer ecosystem
Cons
- Dated user interface with steep learning curve
- Higher pricing without flexible pay-per-return options
- Limited mobile or cloud-native accessibility
Best For
Established tax professionals and mid-sized firms handling moderate volumes of S Corporation returns who prioritize compliance over modern usability.
Pricing
Subscription starts at ~$1,500 per preparer annually, scaling with volume and add-ons like states or practitioners.
ProConnect Tax Online
enterpriseCloud-hosted tax solution from Intuit for S Corp tax prep with mobile access and automatic updates.
Advanced shareholder basis tracking with automated worksheets and carryover calculations
ProConnect Tax Online is a cloud-based professional tax preparation software from Intuit, designed for CPAs and tax firms handling S Corporation returns (Form 1120S). It supports comprehensive features like shareholder basis worksheets, K-1 distributions, multi-state filings, and diagnostics for error-free preparation. The platform integrates seamlessly with QuickBooks and offers real-time collaboration for teams.
Pros
- Robust S Corp-specific tools including basis calculations and K-1 automation
- Cloud accessibility with automatic updates and multi-user support
- Reliable e-filing and Intuit ecosystem integration
Cons
- High subscription costs that scale with return volume
- Steep learning curve for new users despite intuitive design
- Limited advanced customization for highly complex S Corp scenarios
Best For
Mid-sized tax firms and CPAs preparing moderate volumes of S Corp returns who prioritize cloud convenience and QuickBooks integration.
Pricing
Subscription starts at ~$2,900/year for 100 returns, with tiers up to $6,000+ for higher volumes and premium features.
Conclusion
The reviewed tools showcase varied strengths, with lacerte emerging as the top choice, excelling in complex form 1120S preparation, k-1 distributions, and multi-state compliance. UltraTax CS and cch Axcess Tax are strong alternatives—ultra CS offering robust automation and integrated workflows, while cch Axcess Tax delivers efficient cloud-based enterprise solutions for s corporation filings. Each top performer addresses unique needs, ensuring professional preparers find a reliable fit.
For streamlined, comprehensive s corporation tax handling, lacerte leads the way—explore its features to elevate your tax preparation process.
Tools Reviewed
All tools were independently evaluated for this comparison
Referenced in the comparison table and product reviews above.