Core Accounting
Best for businesses that need more advanced features, including tax filing and planning, to maximize their tax savings.
$249/mo
Schedule K-1 Tax Services for Small Businesses
Clear reporting for partnership and S Corp income, without the confusion.
400% ROI on average
from our services
Based on avg. tax refund per client
from our services
Based on avg. tax refund per client
Mistakes on your Schedule K-1 are costly.
Misreporting K-1 income is a common cause of IRS notices, amended returns, and unexpected tax bills. Our Schedule K-1 service helps ensure everything flows correctly from the business return to your personal filing.
Built for pass-through businesses
We support partners and shareholders who receive K-1s from partnerships (Form 1065) and S corporations (Form 1120-S).
Focused on accuracy and consistency
Your K-1 is reviewed in the context of both the business return and your personal return so nothing is duplicated, missed, or misclassified.
Plain-language guidance
We explain what your K-1 means, how it affects your taxes, and what to expect before anything is filed.
What our Schedule K-1 service covers
Professional support to correctly report pass-through income on your tax return.
K-1 Review & Reporting
Review of Schedule K-1 from Form 1065 or Form 1120-S- Accurate reporting of income, losses, and deductions
- Proper integration with your personal tax return
Business & Personal Tax Alignment
- Coordination between business and individual filings
- Review for consistency across returns
- Reduced risk of IRS mismatches
Compliance & Filing Support
- Filing aligned with IRS pass-through reporting rules
- Support if corrected or amended K-1s are issued
- Guidance if questions arise after filing
- Review of Schedule K-1 from Form 1065 or Form 1120-S
- Accurate reporting of income, losses, and deductions
- Proper integration with your personal tax return
Handle your K-1 the right way
Get clarity around your partnership or S corp income and avoid costly filing mistakes.
Packages & pricing
1-800Accountant has serviced over 100,000 businesses in the last decade. We'll keep your books in order and maximize your tax savings. Get the suite of tax services your business needs at a price that works for you.
1-800Accountant has serviced over 100,000 businesses in the last decade. We'll keep your books in order and maximize your tax savings. Get the suite of tax services your business needs at a price that works for you.
Customer spotlight
"I have been with 1-800Accountant for 10+ years, and my payroll experience with Fatima P. has been the best so far. Her professional and compassionate demeanor is unparalleled, and her follow-through is exceptional. I appreciate her help and dedication to my payroll account so much."
Massage Logic LLC
Carrie Stone
Massage Logic LLC
Carrie Stone
Your path to clear K-1 reporting
See how professional support simplifies reporting pass-through income.
Month 1
K-1 & Ownership Review
We review your ownership details and K-1 forms to understand how income should be reported.
Month 2
Tax Impact Analysis
Your share of income, losses, and deductions is reviewed for accuracy and tax impact.
Month 3
Accurate Filing
Your K-1 information is correctly included in your personal tax return.
Month 12
Ongoing Readiness
You are better prepared for future filings, amendments, and estimated taxes.
The Result
Fewer surprises, fewer corrections, and confidence in your pass-through tax reporting.
We’re more than just business tax prep
Let us handle it all—no more bouncing between services. From payroll to everything else you need.
LLC & Corporation Business Formation
Setting up a business with 1-800Accountant is simple and efficient, helping you start on the right financial footing.
Payroll for Small Businesses
Payroll services that handle employee payments, tax calculations, and filings so you can pay your team with confidence.
Bookkeeping for Small Businesses
Ongoing bookkeeping with clear reports that help you understand your numbers and keep your business organized.
Frequently Asked Questions
Partners in partnerships and shareholders in S corporations typically receive a Schedule K-1.
In many cases, yes. K-1 income is taxable based on allocation, not distributions.
Both report pass-through income, but they come from different business entity types with different rules.
Corrected K-1s can require updates to your tax return. We help review and address changes properly.
Schedule a free consultation and we will review your K-1 reporting needs.
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