This guide walks you through every section of the 1120-S Tax Questionnaire in Heard. The 1120-S is the tax return for S Corporations. 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 will 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 1120s Tax Questionnaire and step-by-step instructions that follow are available if you opted into filing only your S Corporation Business Tax return with Heard. If you opted into filing both your S Corporations Business Tax return and your personal income tax return with Heard, please see Completing your 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
- S Corporation Tax Return (Form 1120s) Extended Tax Filing Timeline
What you’ll complete in each section
The questionnaire moves through three sections: business and personal details, document uploads, and sharing your information with your tax preparer. It's focused entirely on your business — if you're also filing a personal return with Heard, there's a separate questionnaire for that.
Confirm Details
You'll start by confirming some personal information alongside your business details, including the date of your S-Corporation election.
From there, you'll update state-specific information: which states apply based on where you have a physical location, where you or your employees have performed work, and where any employees are based.
You'll also flag any changes to shareholder information in your incorporation documents, and answer questions about your healthcare coverage including whether you made contributions to a medical savings account, HSA, or FSA in 2025.
A few less common scenarios round out this section. You'll answer whether any of the following applied to your business in 2025:
- Owned another business outside your therapy practice
- Sold any fixed assets
- Invested in research and development of new technology
- Engaged in any rental real estate for your business
Upload Documents
Once you've confirmed your details, you'll upload any tax-related documents. Everything in this section is specific to your business — personal documents aren't collected here.
Common business documents include payroll records and 1099s. Your personalized checklist will reflect exactly what's needed based on your answers in the previous section.
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 1120-S) Extended Tax Filing Timeline