BUSINESS TAX RETURNS

Business Tax Returns

If your business is a separate legal entity from its owners—such as a corporation (Form 1120) or partnership (Form 1065)—you are required to file a federal business tax return.

Limited Liability Companies (LLCs) are treated differently based on ownership:

• A single-member LLC is treated as a disregarded entity by default but may elect to be taxed as a corporation.

• A multi-member LLC is treated as a partnership by default but can also elect corporate tax treatment.

If your business falls under any of these classifications, we can help you prepare and file the appropriate federal business tax return.

Additionally, many businesses are also required to file state business tax returns, which vary significantly by state. We’ll guide you through your state’s specific filing requirements to ensure compliance.

Estimated Tax Payments

Most corporations must make quarterly estimated tax payments if they expect to owe $500 or more in taxes for the year. We will evaluate your business’s financial situation to:

• Determine whether estimated payments are required.

• Calculate the correct quarterly payment amounts.

Our goal is to ensure your business remains fully compliant while optimizing your tax outcomes.