What types of business tax returns do you prepare?

We prepare all business entity tax returns including Form 1120 (C-Corp), Form 1120S (S-Corp), Form 1065 (Partnership), Schedule C (Sole Proprietor), and multi-member LLC returns. We also handle franchise tax reports, sales tax filings, and payroll tax returns for Texas businesses.

How much does business tax preparation cost?

Our business tax preparation starts at $750 for simple Schedule C filings and ranges up to $3,500+ for complex multi-state corporate returns. After our initial consultation, we provide a transparent quote based on your specific entity type, number of transactions, and complexity. There are never hidden fees.

When are business tax returns due?

It depends on your entity type. Partnerships and S-Corps are due March 15th, while C-Corps and sole proprietors (Schedule C) are due April 15th. We can file extensions if needed, giving you until September 15th or October 15th respectively. Texas franchise tax reports are due May 15th annually.

Should my business be an LLC or S-Corp?

The right entity depends on your income level, business type, and growth plans. Generally, S-Corps can save on self-employment taxes once your net income exceeds $60,000, but LLCs offer more flexibility. We provide entity selection consulting to analyze your specific situation and can help you convert if beneficial.

What business expenses can I deduct?

Common deductions include office rent, equipment, supplies, professional services, insurance, travel, meals (50% deductible), home office expenses, vehicle costs, and employee wages. We review your expenses to ensure you're capturing all legitimate deductions while maintaining proper documentation.

Do you provide year-round support or just at tax time?

We provide comprehensive year-round support including quarterly tax planning sessions, estimated tax calculations, quick questions via email or phone, and proactive tax-saving recommendations. You work with the same team throughout the year, not just during tax season.

Partnership Tax Services for Growing Businesses

Expert Form 1065 preparation, K-1 distribution, and strategic tax planning for partnerships, LLPs, and multi-member LLCs nationwide

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Partnership Tax Challenges We Solve

Complex partnership taxation requires specialized expertise. We navigate the intricacies so you can focus on growing your business.

Common Partnership Tax Pain Points

Complex K-1 Allocations
Struggling with special allocations, guaranteed payments, and partner basis calculations
Multi-State Filing Requirements
Navigating composite returns, withholding requirements, and state nexus issues
Basis Tracking Nightmares
Missing documentation leading to incorrect distributions and potential penalties
IRS Audit Exposure
Partnership returns face higher scrutiny, especially for large partnerships

The SDO CPA Advantage

With former Big Four experience at EY and KPMG, SDO CPA brings enterprise-level partnership tax expertise to businesses nationwide.

Proactive Basis Tracking: Tracking systems ensure accurate basis calculations
Strategic Tax Planning: Optimize allocations for maximum tax efficiency
Compliance Excellence: 100% on-time filing with zero penalties
Industry Specialization: Deep expertise in professional services, construction, real estate, technology, and investment partnerships

Solve your partnership tax challenges

Comprehensive Partnership Tax Services

From compliance to strategic planning, we handle every aspect of partnership taxation

Tax Compliance Services

Ensure complete compliance with federal and state partnership tax requirements

Form 1065 preparation and filing
Schedule K-1 distribution to partners
State and local partnership returns
Foreign partner withholding (Forms 8804/8805)
Quarterly estimated tax calculations

Strategic Tax Planning

Maximize tax efficiency through proactive partnership structuring and planning

Special allocation optimization
QBI deduction maximization
Distribution planning and timing
Partnership agreement tax analysis
Exit strategy tax planning

Industry Specialization

Tailored expertise for complex partnership structures across
industries

Law firm partnerships
Medical practice groups
Real estate partnerships
Investment funds & hedge funds
Family limited partnerships
Construction & trades
Technology

Multi-State Compliance

Navigate complex multi-jurisdiction requirements with confidence

State nexus analysis
Composite return preparation
Nonresident withholding compliance
Apportionment calculations
State tax minimization strategies

Basis & Capital Tracking

Maintain accurate records for distributions, sales, and tax planning

Partner basis calculations
Capital account maintenance
Section 704(b) book allocations
Debt basis tracking
Distribution analysis

Audit Support & Resolution

Expert representation for partnership audits and IRS inquiries

IRS audit representation
BBA partnership audit procedures
State audit defense
Amended return preparation
Penalty abatement assistance

Ready to Optimize Your Partnership's Tax Strategy?

Join 100+ partnerships nationwide that trust SDO CPA for expert tax services

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Partnership Tax FAQs

Common questions about partnership taxation and our services

When is Form 1065 due for partnerships?

Form 1065 is due on March 15th for calendar year partnerships. Extensions are available until September 15th, but K-1s should still be distributed timely to avoid penalties.

Do multi-member LLCs need to file Form 1065?

Yes, multi-member LLCs are treated as partnerships for tax purposes by default and must file Form 1065 unless they've elected corporate tax treatment.

How much do partnership tax services cost?

Our partnership tax services start at $1,000 for basic returns. Complex partnerships with multiple states or special allocations are quoted based on scope. We offer transparent, fixed-fee pricing.

Can you help with multi-state partnership filings?

Absolutely. We handle multi-state compliance including composite returns, withholding requirements, and nexus analysis for partnerships operating across all 50 states.

What's the difference between a partnership and S-Corp?

Partnerships offer more flexibility in profit/loss allocations and have different self-employment tax treatment. S-Corps can provide payroll tax savings but have stricter requirements. We help determine the best structure for your situation.

How do you handle partnership basis tracking?

We maintain comprehensive basis schedules using advanced accounting systems, tracking contributions, distributions, income allocations, and debt changes to ensure accurate K-1 reporting and tax planning.