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.

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IRS Form 1120s

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.

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.

General Information

Employer ID number

Name

Address

Business activity code

Date incorporated

S election effective date

Line Items

Investment income

Investment expense

Qualified rehabilitation expenditures

Basis of energy property

Low-income housing credit

Recapture of other credits

General Information

Employer ID number

Name

Address

Business activity code

Date incorporated

S election effective date

Line Items

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

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

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

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 Processing

Advanced image preprocessing (deskewing, noise reduction, contrast correction) gives higher data extraction accuracy.

Extract Tables

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

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

Smart Filters

Apply filters for dates, numbers and other regular expressions to extract data in desired format.

Amazingly Fast Processing

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

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

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 Processing

Advanced image preprocessing (deskewing, noise reduction, contrast correction) gives higher data extraction accuracy.

Extract Tables

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

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

Smart Filters

Apply filters for dates, numbers and other regular expressions to extract data in desired format.

Ready to automate your data extraction?
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