Business Taxes and more

Business Tax Return More Logo
Menu

LLC Tax Return Preparation and Filing

Business Taxes and More offer LLC tax return preparation and filing. A Limited Liability Company most commonly referred as an LLC is a business entity that can offer its owners also called members a limited liability protection. This limited liability protection is also common in a corporation. What is unique for LLC tax return is that an entity which is an LLC can have the flexibility and tax benefits a partnership or sole proprietor can have.

Get In Touch




    What We Offer

    At Business Taxes and More we do offer a specific and customized advice on business formation to specific client’s situation. We offer ideal business formation consultation services at very affordable and reasonable prices. Here is a brief overview on business formation factors for consideration

    • A tax return for LLC can take various forms depending on number of owners or members as well as the choices these owners make based on eligibility and the highest tax benefits. It is worthy to note that while taxes are important, any person or a group of people forming a business must look at entity type considerations by looking at other factors in addition to the factors affecting an LLC tax return.
    • The tax return for LLC can be more complicated if for example it chooses to file a partnership or a corporation. However, a single member LLC could file LLC tax return right on their federal individual tax return. A small business with single member LLC will file LLC tax return on their own return so no separate LLC tax return is needed.
    • When we file LLC tax return for your single-member LLC, the self-employment tax is assessed on the entire profit of the business. For our tax return for LLC clients, we ensure that your business follows statutory requirements and keeps LLC status. We invite small businesses to file LLC tax return through us to have more access to fringe benefits for owners.

    Importance of Tax Return Preparation and Filing

    Tax consequences of a business entity are vital to a business’ bottom line.  Liability protection is another important factor to keep in mind.  Some risks can be insurable others cannot or are not available through affordable insurance due to high risk. 

    • Management and control is another factor to keep in mind as well as the potential for a business to grow much larger. The entity formation and recurring maintenance cost is another cost to be aware of.
    • Raising capital, government requirements, flexibility and future needs such as exit strategy, control preferences, and your specific profession or legal considerations also play an important role when forming a business.
    • The tax return for LLC can be more complicated if for example it chooses to file a partnership or a corporation. However, a single member LLC could file LLC tax return right on their federal individual tax return. 
     

    A small business with single member LLC will file LLC tax return on their own return so no separate LLC tax return is needed. 

    LLC Tax Return

    Multi-member LLC

    Multi-member LLC requires a separate tax return for LLC. We encourage you retain services for business taxes and especially for LLC through a qualified tax accountant because each state has its own tax compliance and regulation.
    • When you file LLC tax return remember that owners may qualify for 20% qualified business income deduction commonly referred as QBID.
    • Whether your business is a single-member or multi-member LLC we can prepare a tax return for LLC and file LLC tax return based on the legal requirements and eligibility and the option that yields the lowest tax liability.
    • These LLC taxes may end up being an individual tax return, a partnership tax return and one or the other variation of a corporate tax return.
    Hire Business Taxes and More for all your LLC tax return needs.
    File LLC Tax Return

    Work With Us

    Need help with your LLC tax return? We have got you covered at Business Taxes and More. Our expert team offers the best advice and affordable services for single and multi-member LLCs. Let us handle your tax filing with accuracy and efficiency.
    • Business Set-up and Structure
    • Accounting & Bookkeeping
    • Tax Planning
    • Business Consulting and Advice
    • LLC Tax Return Preparation and Filing
    • Customized Business Formation Consultation
    • Entity Type Consideration and Analysis
    • Tax Planning for LLCs
    • Compliance with Statutory Requirements