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IRS Form 1120s
Simplify form 1120s data processing with Docsumo's automated solution
Process IRS Form 1120s in real time with over 99% accuracy. Streamline your document processing operations with Docsumo with minimal setup and easy integration.
Challenge
Form 1120S is the tax document for an S-Corporation used to report the income, losses, and dividends of S corporation shareholders. It serves as the corporation's annual income tax return given the S-corporation remains in effect. It is one of the crucial documents required for Covid-19 related tax relief programs.
Processing hundreds of forms manually per day can invite all kinds of manual errors and makes the overall process painfully slow. On top of that, it adds to the overall processing cost.
Solution
With Docsumo, free up your essential resources by automating form 1120s processing with 98% accuracy.
You can easily add, delete and move any field.
Employer ID number
Name
Address
Business activity code
Date incorporated
S election effective date
Investment income
Investment expense
Qualified rehabilitation expenditures
Basis of energy property
Low-income housing credit
Recapture of other credits
Docsumo Advantage
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Processing
Reduced
processing time
saved
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Features
Scan form 1120s and detect inaccuracy in real-time without needing technical skills or coding.
It takes less than a minute to import a document, process it, extract all data fields from it and send the data to other apps.
Simply drag and drop documents from your local disk to upload your files in batches. You can also use our API or cloud integrations to automatically import your documents.
Docsumo converts PDF to CSV, Excel, JSON and XML files formats. You can download extracted data for any date range in the format you like.
Advanced image preprocessing (deskewing, noise reduction, contrast correction) gives higher data extraction accuracy.
Extract multipage tabes from PDF bank statements and convert them to excel or JSON data for downstream processing.
Docsumo makes it very simple to send extracted data to any other software with APIs & webhooks out of the box.
Apply filters for dates, numbers and other regular expressions to extract data in desired format.
Watch Docsumo in action
We’d love to show you how you can increase your productivity, process your documents faster and save operations cost!
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