This guide walks you through every section of the S Corporation Business and Personal Tax Questionnaire in Heard. The 1120-S is the S Corporation business tax return, and the 1040 is your personal tax return. Completing this questionnaire accurately gives your tax preparer everything they need to file your business return correctly and on time.
Before you begin: Make sure your year-end bookkeeping is complete. You'll be able to book a live tax consultation after completing all three steps: year-end bookkeeping, the Tax Questionnaire, and connecting with a Tax Preparer.
Filing order matters: Your S-Corp return (Form 1120-S) must be completed before your personal return (Form 1040). If you are filing your personal return outside of Heard, you should wait until your 1120-S is complete before doing so, as it generates a Schedule K-1 that flows into your personal return.
Who completes this questionnaire?
This Tax Questionnaire is for you if you opted into filing both your S Corporation Business Tax return (Form 1120s) and your Personal Tax Return (Form 1040) with Heard. Completing your S Corporation Business (1120s) and Personal (1040) Tax Questionnaire.
If you are a Sole Proprietor, please see Completing Sole Proprietor Personal Tax (Form 1040) Questionnaire.
Tax preparation and filing timelines
- S Corporation Tax Return (Form 1120s) On-time Tax Filing Timeline
- Sole Proprietor and Individual Tax Return (Form 1040) On-time Tax Filing Timeline
- S Corporation Tax Return (Form 1120s) Extended Tax Filing Timeline
- Sole Proprietor and Individual Tax Return (Form 1040) Extended Tax Filing Timeline
What you’ll complete in each section
The questionnaire moves through seven sections: quarterly tax payments, business and personal details, changes in 2025, deductions and credits, non-practice income and liabilities, and document uploads. Once complete, you'll share everything directly with your tax preparer.
If you'd like a guided walkthrough before getting started, the Onboarding team has put together a short video that covers each section from start to finish.
Quarterly tax payments
Here, you’ll enter any quarterly estimated tax payments you made and upload the corresponding confirmations or receipts.
This step helps us calculate what you still owe (or whether you’ve overpaid) and reduces the risk of underpayment penalties. It also helps us resolve any discrepancies with IRS records.
If you’re unsure where to find your receipts, you can typically locate them in your IRS online account or your state tax portal. For more, please see: How do I find my quarterly tax payment receipt?
About your business
This section focuses on your S Corporation and how your practice operates. You’ll confirm or update business details, such as your address, structure, and any operational changes during the year.
Your business setup determines how income flows from your S Corp to your personal return and how your tax filings are prepared. If anything changed this year, such as ownership, address, or structure, make sure it’s reflected here.
Personal details
Now we zoom out to your personal situation. You’ll review your personal information, add or confirm a spouse if you’re filing jointly, and update any dependents.
These details directly affect your filing status, tax brackets, and eligibility for credits. Even small updates can change your overall tax picture.
Changes during the year
This section is about life events. Think: moving to a new state, getting married or divorced, having a child, buying a home, or making changes to how your practice runs.
You’ll also answer questions about things like business mileage, charitable contributions, dependent care expenses, and whether you own a home or have a college student in the family.
Life changes often come with tax implications—sometimes in your favor. Sharing them helps us look for new deductions and credits.
Deductions and credits
Here, you’ll answer questions about personal expenses that may reduce your tax bill. The goal is simple: identify legitimate opportunities to lower what you owe based on your situation.
You don’t need to know the tax rules. Just answer honestly and completely—we’ll handle the calculations.
Non-practice income and liabilities
Your tax return reflects your full financial picture, not just income from your therapy practice.
In this section, you’ll report:
- W-2 income (if you have another job)
- Rental property income
- Investment activity
- Retirement contributions
- Cryptocurrency activity (if applicable)
- K-1 income
- Foreign income
- Disability income
- Large gifts
If you bought or sold investments, received dividends or interest, or contributed to retirement accounts like a Traditional IRA, Roth IRA, SEP, or Solo 401(k), you’ll enter those details here.
Retirement contributions and investment activity can significantly impact your taxable income. If you’re unsure whether you’ve contributed too much or too little, let us know in the questionnaire—your tax preparer can help you determine the correct limits.
Upload documents
Once you complete the earlier sections, you’ll see a personalized document checklist based on your answers.
Common documents include brokerage statements, retirement account statements, W-2s or 1099s, mortgage interest statements, and proof of tax payments.
Each document request includes a “View instructions” link to help you find or request what you need. If you don’t have something yet, upload what you do have and flag the missing item as “Unsure, or don’t have.” You can add documents later as they become available.
Documents allow your tax specialist to verify information and prepare your return accurately—so this step is important.
Where to enter phone and internet expenses
If you’re an S Corporation, submit those expenses through your Accountable Plan. This ensures they’re handled correctly based on your entity type.
Frequently asked questions
Do I need to finish the questionnaire in one sitting?
No. Your progress is saved automatically. You can leave and return anytime.
How long does it take to complete?
Most therapists and wellness providers spend about one to two hours in total.
What happens if I don’t finish before the deadline?
If your questionnaire isn’t complete by February 26, 2026, you’ll be prompted to file a tax extension. For more, please see S Corporation Tax Return (Form 1120s) Extended Tax Filing Timeline.
Where to enter phone and internet expenses
As an S Corporation, home office, phone, and internet expenses are claimed through your Accountable Plan. For more, please see Creating an Accountable Plan.