For limited liability companies (LLC’s), we prepare income tax returns for federal and any required states.

We assist you with calculating your sales and expenses required to complete income tax returns for your LLC. We help you by either doing bookkeeping for you or providing you with expense forms that you can use to give us your figures.

LLC spelled out

Four Tax Treatment Options For LLC’s

4 Tax Treatment Options for LLC's

Depending upon the number of members, LLC’s have four income tax treatment options to choice from which are as follows:

  1. Disregarded Entity–To be taxed on member’s Form 1040 Schedule C
  2. Partnership–To file IRS Form 1065
  3. S-Corporation–To file IRS Form 1120S
  4. C-Corporation–To file IRS Form 1120

Single Member LLC

Man choosing LLC Tax Option
As a single member LLC, you have three income tax treatment options for your LLC to be taxed: as a disregarded entity, as an S-Corporation, and as a C-Corporation.

Disregarded Entity

Being treated as a Disregarded Entity, the LLC will report its income and pay taxes on the member’s income tax return¬†and not file its own income tax return, for federal purposes.

S-Corporation

Being treated as an S-Corporation, the LLC will report its income on IRS Form 1120S for federal purposes.

See our S-Corporation section by clicking here.

C-Corporation

Being treated as an C-Corporation, the LLC will report its income on IRS Form 1120 for federal purposes.

See our C-Corporation section by clicking here.

Multi-Member LLC

Man choosing between 3 paths for LLC taxation
As a multi-member LLC, you have three income tax treatment options for your LLC to be taxed: as a partnership, as an S-Corporation, and as a C-Corporation.

Partnership

Being treated as an partnership, the LLC will report its income on IRS Form 1065 for federal purposes.

See our partnership section by clicking here.

S-Corporation

Being treated as an S-Corporation, the LLC will report its income on IRS Form 1120S for federal purposes.

See our S-Corporation section by clicking here.

C-Corporation

Being treated as an C-Corporation, the LLC will report its income on IRS Form 1120 for federal purposes.

See our C-Corporation section by clicking here.