Services · Business

Business & entities

Partnerships, S corporations, C corporations, and nonprofits. The returns that many personal-tax preparers refer out, Maritza prepares herself.

10651120-S1120990Schedule K-1

Which return your business files

The form depends on how the business is set up. If you are not sure which one applies to you, that is one of the first things Maritza will sort out.

Form 1065

Partnerships & multi-member LLCs

The partnership return, plus a Schedule K-1 for each partner so everyone can file their own return on time. Most multi-member LLCs file here.

Form 1120-S

S corporations

The S corporation return and shareholder K-1s, including reasonable-compensation and distribution questions that owners are often unsure about.

Form 1120

C corporations

The corporate return for businesses taxed at the entity level, with the balance sheet and schedules that go with it.

Form 990

Nonprofit organizations

The annual return tax-exempt organizations file to keep their status current, including the smaller 990-EZ and 990-N filings.

Books that are ready before the deadline is

Monthly bookkeeping

Transactions categorized and accounts reconciled every month, so nothing is reconstructed from a shoebox in March.

Clean-up work

Books that got away from you, brought back into order before the return is prepared.

Reports you can use

A profit and loss statement and balance sheet you can actually read, and take to a bank or a lender.

One person for the business and the owner

For most owners the business return and the personal return are two halves of one picture. The K-1 from your entity lands on your 1040. Having one person prepare both means the numbers agree and nothing gets counted twice or missed.