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.
Standard fields that are extracted
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
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
< 30 sec
Processing Time
Reduce turnaround time from hours to minutes.
70%
Cost Reduction
Halve your cost of operations when processing 50k+ statements/month.
99%+
Accuracy
Reduce manual errors and get precise data
Features
Scan form 1120s and detect inaccuracy in real-time without needing technical skills or coding.
Amazingly Fast Processing
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.
Batch Uploads
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.
Easily Download Data
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 Processing
Advanced image preprocessing (deskewing, noise reduction, contrast correction) gives higher data extraction accuracy.
Extract Tables
Extract multipage tabes from PDF bank statements and convert them to excel or JSON data for downstream processing.
Integrate with API or Webhooks
Docsumo makes it very simple to send extracted data to any other software with APIs & webhooks out of the box.
Smart Filters
Apply filters for dates, numbers and other regular expressions to extract data in desired format.
Amazingly Fast Processing
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.
Batch Uploads
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.
Easily Download Data
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 Processing
Advanced image preprocessing (deskewing, noise reduction, contrast correction) gives higher data extraction accuracy.
Extract Tables
Extract multipage tabes from PDF bank statements and convert them to excel or JSON data for downstream processing.
Integrate with API or Webhooks
Docsumo makes it very simple to send extracted data to any other software with APIs & webhooks out of the box.
Smart Filters
Apply filters for dates, numbers and other regular expressions to extract data in desired format.
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