Joseph Cahill & Associates/WorthTax has extensive tax experience in the preparation of Partnership tax returns. Our partnership tax services help you to prepare and file your Form 1065 and get your K-1s.
Limited Liability Company (LLC)
A limited liability company, or LLC, has a unique status with the IRS, and is the only business entity type where the owners get to choose how the IRS treats the business for federal tax purposes. The IRS tax classification options require bookkeeping under different tax rules and the preparation of completely different tax returns, depending on the choices made.
LLCs have multiple elections at their disposal to help the owners plan for taxes. WorthTax is committed to help you decide if Corporate tax elections, special allocations, or guaranteed payments are right for you.
Our Team of Tax Experts for Partnership Tax Services
Our team of year-round experts is here to help you not only with your business return, but also to coordinate your business return with your personal income tax needs. We help you implement powerful tax strategies, strategic planning, and make smarter decisions. Call us at 781-849-7200.
Tax Reform and Partnership Tax Returns
Tax reform in on everyone’s mind these days. Do you wonder how tax reform could affect your LLC or LLP? WorthTax offers all of our clients a complimentary tax consultation and we will guide you through the upcoming changes. With that in mind, we encourage business owners to contact us early in the year since there are multiple elections such as change of accounting elections and Corporate or S-Corp elections that are due by March 15th for most taxpayers.
Partnership Tax Deadline
The deadline for filing your Partnership tax return (Form 1065) was changed to March 15th last year. This is a major change that will catch Partnerships off guard. WorthTax pledges to keep your business in compliance with the IRS. We invite you to give us a call at 781-849-7200 or feel free to visit one of our three convenient locations.