Form hub • IRS • Updated 2026
By Srikanta M.Reviewed against FTB / SOS sources: September 2026Methodology

IRS 1120-S: S-Corp Return (K-1s + California 100S)

S-corporation annual return due March 15. Flows to shareholder K-1s; California mirrors with Form 100S at 1.5%.

Quick answers

What is IRS 1120-S and when is it due?
S-corporation annual return due March 15. Flows to shareholder K-1s; California mirrors with Form 100S at 1.5%. Due: March 15 (extendable to Sep 15).

Key facts

  • California pair: Form 100S + 1.5% net-income tax ($800 min).
  • Late cost: Federal per-shareholder, per-month penalty (inflation-indexed, about $250) + California entity penalties.
  • Payroll proof: Reasonable-compensation W-2s must already exist: the return doesn’t create them.

Deadline

March 15 (extendable to Sep 15) (IRS). Extensions extend filing where offered — never payment.

Full walkthrough

IRS 1120-S is covered step by step, with worked examples, in S-corp payroll and reasonable compensation. For every deadline in the year, see the 2026 compliance calendar.

Other forms

Sources

  • IRS form instructions; related guide on this site