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.

Professional Schedule K-1 Preparation Services

Expert K-1 preparation for partnerships, S-Corps, and estates. Former Big Four expertise ensuring accuracy, compliance, and strategic tax optimization under new OBBBA regulations.

Get Started on your K-1s

Comprehensive K-1 Preparation Services

We handle all types of K-1 preparation with expertise gained from Big Four experience and specialized focus on complex partnerships.

Partnership K-1s (Form 1065)

Complete preparation for multi-member LLCs and partnerships

Complex capital account maintenance
Special allocation calculations
Multi-tier partnership structures
Section 704(b) compliance
Basis tracking schedules

S-Corporation K-1s (Form 1120S)

Professional preparation for S-Corp shareholders

Shareholder basis calculations
Distributions vs. compensation
QBI optimization strategies
Stock basis adjustments
AAA account maintenance

Estate & Trust K-1s (Form 1041)

Specialized preparation for estates and trusts

Beneficiary distribution tracking
DNI calculations
Final K-1 preparation
Complex trust structures
Estate tax planning integration

Our K-1 Preparation Process

A systematic approach developed through years of Big Four experience ensures accuracy and timeliness.

Initial Consultation & Analysis

We review your partnership structure, prior year K-1s, and identify opportunities for tax optimization under OBBBA provisions.

Document Collection & Review

Gather necessary financial statements, prior year tax returns, and partnership agreements. Our secure portal makes document sharing simple.

Basis & Capital Account Calculations

Maintain accurate partner basis schedules, Section 704(b) capital accounts, and ensure proper allocation of income and deductions.

QBI Optimization Analysis

Maximize the permanent 20% QBI deduction under expanded OBBBA thresholds, ensuring partners receive maximum tax benefits.

Multi-State Compliance Review

Address state-specific K-1 requirements, PTET elections, and ensure compliance across all jurisdictions where partners reside.

K-1 Preparation & Quality Review

Prepare accurate K-1s with detailed supporting schedules. Every K-1 undergoes multi-level review to ensure accuracy.

Electronic Filing & Distribution

E-file partnership returns and distribute K-1s to partners well before deadlines, with clear explanations of tax implications.

📋 Documents Needed for Form 1065 Preparation

Prior year Form 1065 and K-1s
Financial statements or QuickBooks access
1099s received and issued
Partner contribution/distribution details

Partnership agreement
Bank and credit card statements
Fixed asset purchases/sales
Loan documents and interest statements

Transparent Service Pricing

Clear, upfront pricing with no hidden fees. All packages include e-filing and partner distribution.

Service Package	Ideal For	Investment
Basic K-1 Preparation	Simple partnerships (2-5 partners), single state, standard allocations	$800 - $1,200
Complex Partnership Package	Multi-member (6-20 partners), multi-state, special allocations, QBI optimization	$1,500 - $2,500
Enterprise Solutions	20+ partners, tiered structures, international considerations, priority service	$2,500+
OBBBA Optimization ReviewNEW	Analysis of new opportunities under 2025 tax changes	$750
Rush Service (48-hour)	Emergency K-1 preparation when deadlines are imminent	+75% of base fee

Actual pricing depends on complexity. Free consultation includes fee quote.

Why Choose SDO CPA for K-1 Services?

Big Four expertise combined with personalized service and cutting-edge technology.

Big Four Experience

Our team includes former managers from EY and KPMG with extensive partnership tax experience. We bring enterprise-level expertise to businesses of all sizes.

OBBBA Expertise

We stay current with all tax law changes, including the 2025 OBBBA provisions, ensuring your K-1s maximize available benefits under the new permanent rules.

Complex Partnership Focus

Specialized expertise in multi-tier structures, special allocations, and sophisticated partnership agreements that general practitioners often struggle with.

Technology-Enabled Accuracy

Modern software and systematic processes ensure accurate basis tracking, capital account maintenance, and error-free K-1 preparation.

Multi-State Tax Capability

We handle complex multi-state filing requirements and PTET optimization strategies for partnerships nationwide through CPA mobility provisions.

Year-Round Support

Not just deadline-driven service. We provide ongoing support for amended returns, partner inquiries, and year-round tax planning.

Don't Risk Late Filing Penalties

Get your Schedule K-1s prepared by experts who guarantee accuracy and on-time filing

Start Your K-1s Today

Frequently Asked Questions

Common questions about Schedule K-1s and our services

How much does professional K-1 preparation cost?

Our K-1 preparation services range from $800-$1,200 for simple partnerships to $2,500+ for complex multi-tier structures. The investment depends on the number of partners, states involved, and complexity of allocations. We provide a detailed quote during your free consultation.

What is the deadline for K-1 preparation?

Calendar-year partnerships must file Form 1065 and issue K-1s by March 15. S-Corporations also have a March 15 deadline. Extensions are available until September 15, but K-1s should still be issued as soon as possible to avoid partner complications. Late filing results in $290 per K-1 per month penalties.

What documents do I need for K-1 preparation?

You'll need: partnership agreement or operating agreement, financial statements (P&L and balance sheet), prior year tax return and K-1s, partner contribution and distribution records, fixed asset listings and depreciation schedules, and any amended partnership agreements. We provide a complete checklist during onboarding.

How do the new OBBBA changes affect K-1 preparation?

The 2025 OBBBA made significant changes including: permanent Section 199A QBI deduction with expanded phase-in ranges (now $544,600 for MFJ), 100% bonus depreciation restored permanently, SALT cap increased to $40,000, and Section 179 increased to $2.5 million. Proper K-1 preparation ensures partners maximize these benefits.

Can you handle multi-state K-1 filing?

Yes, we have expertise in all 50 states and handle complex multi-state filing requirements. We optimize PTET (Pass-Through Entity Tax) elections to maximize the increased $40,000 SALT cap benefit, ensure proper state apportionment, and manage varying state deadlines and requirements.

What if we're already past the deadline?

We offer rush services for urgent situations. While penalties may apply for late filing ($290 per K-1 per month), professional preparation can minimize additional penalties and ensure accurate filing. We can also help with penalty abatement requests when reasonable cause exists.

Do you prepare K-1s for complex partnership structures?

Yes, complex partnerships are our specialty. We handle multi-tier structures, special allocations, preferred returns, carried interest, profit interests, and sophisticated waterfall distributions. Our Big Four experience ensures accurate handling of the most complex partnership arrangements.

How do you track partner basis?

We maintain comprehensive basis schedules tracking both inside and outside basis for each partner. Our systematic approach includes: beginning basis, current year contributions, allocated income/loss, distributions, and ending basis calculations. We provide detailed schedules with every K-1.