Milk & Honey Co.
Tax Preparation

Business Tax Preparation

1120, 1120-S, 1065, Schedule C — filed to withstand audit.

Overview

Business returns are where preparer skill matters most: entity classification, reasonable compensation, basis tracking, accountable plans, and §199A optimization each move the tax number by thousands. Our senior accountant and IRS-registered tax professionals prepare and review every return we file, and every client gets a year-end planning conversation before we lock the return.

What's Included

  • Form 1120 (C-Corporation) preparation and planning
  • Form 1120-S (S-Corporation) with reasonable compensation analysis
  • Form 1065 (Partnership) with K-1 preparation for every partner
  • Schedule C for sole proprietors and single-member LLCs
  • §199A Qualified Business Income deduction optimization
Business Tax Preparation FAQs

Frequently Asked Questions

When are business tax returns due?

S-corporations and partnerships file by March 15 (Form 1120-S / 1065). C-corporations file by April 15 (Form 1120). Extensions add 6 months but don't extend payment deadlines.

What is reasonable compensation for an S-corporation owner?

The IRS requires S-corp owner-employees to pay themselves 'reasonable compensation' via W-2 before taking distributions. We benchmark against RCReports and industry data, document the analysis, and defend it if challenged.

Do you file returns for multi-member LLCs?

Yes. Multi-member LLCs default to partnership taxation and file Form 1065 unless they elect S-corp or C-corp treatment. We handle the entity classification decision as part of onboarding.

Can you prepare returns in a state we're not registered in but have nexus in?

Yes — with a nexus review first. Many growing businesses discover they've triggered filing obligations in states they never registered in; we prepare the returns and often pair with a Voluntary Disclosure Agreement to limit look-back exposure.

See our full Tax Resolution, Tax Prep & Bookkeeping FAQ.

Ready to talk about Business Tax Preparation?

Call now for a free case review. We'll pull your transcripts and show you exactly what your options are.