La Quinta, CA
(760) 895-3516

Tuesday, May 12, 2015

LLC Income Tax Preparation La Quinta, California

Borders Bookkeeping offers professional income tax preparation for LLCs in the Coachella Valley, California area. We are located in La Quinta, CA.

Tax Preparation for LLCs


Income tax preparation for an LLC can be prepared on a schedule C, 1165 Partnership return, 1120-S S Corporation return for pass through corporations, and 1120 for C Corporations.

Annual Franchise Tax for LLCs


The annual franchise tax in California is currently $800 per year, which should be paid the previous year with the voucher from your income tax return. This holds true regardless of how your LLC is held; as a partnership, S-Corp, C-Corp, or even as a sole proprietor (disregarded entity) when business income is reported on Schedule C.

LLCs held as corporations and partnerships tend to be more complex as there are typically more items on the balance sheet, with higher profit and losses.

Fees For LLC Tax Preparation


The cost to prepare an LLC return will be more than a personal business reported on a schedule C if the LLC is a corporation or partnership. A typical LLC tax preparation fee starts at around $750, depending on the complexity.Tax filing prices for LLCs active in multiple states may run higher. Our income tax preparation fees and schedules for LLCs are competitive for the La Quinta, CA area.

If you have an LLC and need income tax preparation, we hope you will call Borders Bookkeeping.

CALL: (760) 895 3516