Commercial Tax Preparation Chicago Illinois

Published July 16, 2015
 
Commercial Tax Preparation Chicago Illinois can come in many forms. One of the reasons why it takes so long to get competent in our field is that commercial tax preparation can take so many different forms.
 
S-Corporation Tax Prep
 
Much of our work comes in the preparation of the S-Corp Return. Given its versatility and its ability to save customers enormous amounts of payroll taxes, in many situations, it is preferred.
 
LLC and Partnership Tax Preparation
 
Given the strength of our LLC Laws, many new entities are opting for an LLC status. Sometimes, these are prepared on a Sole Proprietor’s Schedule C. Sometimes on a Partnership 1065. Many will elect an S-Status and file on the 1120S Form.
 
C Corporation Returns
 
C Corps or Regular Corporations file on Form 1120. Many business owners will opt for a regular corporation status, given their lending requirements. Others may be too large or have too many owners to qualify for an S-Corp Status.
 
If you are having problems with your Commercial Tax Preparation Chicago Illinois Service or have issues with your accounting in general, we would love to help. I enjoy hearing from my readers, and can be contacted at
 
Chris@AccountingSolutionsltd.com
 
Additional Accounting Articles and information on my firm can be found at
 
www.AccountingSolutionsLtd.com
 
Chris Amundson is the President of Accounting Solutions Ltd., a full service public accounting firm of Certified Public Accountants and Enrolled Agents handling the bookkeeping, accounting, tax preparation, and audit representation needs of Businesses, Estates, Trusts, and Upper Income Individuals.