{"id":6180,"date":"2021-08-03T08:09:47","date_gmt":"2021-08-03T08:09:47","guid":{"rendered":"https:\/\/www.expattaxcpas.com\/new\/?page_id=6180"},"modified":"2021-10-07T13:24:40","modified_gmt":"2021-10-07T13:24:40","slug":"business-tax-return-services","status":"publish","type":"page","link":"https:\/\/www.expattaxcpas.com\/new\/business-tax-return-services\/","title":{"rendered":"Business Tax Returns"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"6180\" class=\"elementor elementor-6180\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8e505d4 elementor-section-content-middle elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"8e505d4\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3384a03\" data-id=\"3384a03\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c34064f elementor-section-height-min-height elementor-section-content-middle elementor-section-boxed elementor-section-height-default\" data-id=\"c34064f\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-38101f9\" data-id=\"38101f9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-049053f animated-slow elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"049053f\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInDown&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Business Tax Returns<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef0325a elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-icon-box\" data-id=\"ef0325a\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tYour business tax reporting made easy with our expert guidance. \t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e518df7 elementor-hidden-mobile elementor-hidden-tablet\" data-id=\"e518df7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fe932aa elementor-widget__width-initial elementor-absolute elementor-widget elementor-widget-image\" data-id=\"fe932aa\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"200\" height=\"200\" src=\"https:\/\/www.expattaxcpas.com\/new\/wp-content\/uploads\/2021\/06\/income-taxt-resturns-icons-1.svg\" class=\"attachment-full size-full wp-image-4148\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1837920 elementor-widget__width-initial elementor-absolute elementor-widget elementor-widget-html\" data-id=\"1837920\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>\r\n    .container{\r\ndisplay: flex;align-items: center;justify-content: center;flex-direction: column; width: 100%; text-align: center; margin: 0% 0;align-items: center;\r\n  \r\n}\r\n\r\n.elipse-i-1{\r\n\t\r\nwidth: 650px;\r\nheight: 650px;\r\nbackground: #FFFFFF;\r\nopacity: 0.05;\r\nbox-shadow: 0px 4px 25px rgba(0, 0, 0, 0.07);\r\n  border-radius:50%;\r\n  \tanimation: pw-elipse 3s infinite linear;\r\n\r\n}\r\n\r\n\r\n@keyframes pw-elipse {\r\n\t0% {\r\n\t\ttransform: scale(0.95);\r\nbox-shadow: 0 0 0 10px rgba(142, 68, 173, 0);\r\n\t}\r\n  \r\n\t70% {\r\n\t\ttransform: scale(1);\r\nbox-shadow: 0 0 0 10px rgba(142, 68, 173, 0);\r\n\t}\r\n\t\r\n\t100% {\r\n\t\ttransform: scale(0.95);\r\nbox-shadow: 0 0 0 10px rgba(142, 68, 173, 0);\r\n\t}\r\n}\r\n\r\n<\/style>\r\n\r\n<div class=\"container\">\r\n<div class=\"elipse-i-1\"><\/div>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a816309 elementor-widget__width-initial elementor-absolute elementor-widget elementor-widget-html\" data-id=\"a816309\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>\r\n    .container{\r\ndisplay: flex;align-items: center;justify-content: center;flex-direction: column; width: 100%; text-align: center; margin: 0% 0;align-items: center;\r\n  \r\n}\r\n\r\n.elipse-i-2{\r\n\t\r\nwidth: 500px;\r\nheight: 500px;\r\nbackground: #FFFFFF;\r\nopacity: 0.05;\r\nbox-shadow: 0px 4px 25px rgba(0, 0, 0, 0.07);\r\n  border-radius:50%;\r\n  \tanimation: pw-elipse 3s infinite linear;\r\n\r\n}\r\n\r\n\r\n@keyframes pw-elipse {\r\n\t0% {\r\n\t\ttransform: scale(0.95);\r\nbox-shadow: 0 0 0 10px rgba(142, 68, 173, 0);\r\n\t}\r\n  \r\n\t70% {\r\n\t\ttransform: scale(1);\r\nbox-shadow: 0 0 0 10px rgba(142, 68, 173, 0);\r\n\t}\r\n\t\r\n\t100% {\r\n\t\ttransform: scale(0.95);\r\nbox-shadow: 0 0 0 10px rgba(142, 68, 173, 0);\r\n\t}\r\n}\r\n\r\n<\/style>\r\n\r\n<div class=\"container\">\r\n<div class=\"elipse-i-2\"><\/div>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-55aa85c elementor-widget__width-initial elementor-absolute elementor-widget elementor-widget-html\" data-id=\"55aa85c\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>\r\n    .container{\r\ndisplay: flex;align-items: center;justify-content: center;flex-direction: column; width: 100%; text-align: center; margin: 0% 0;align-items: center;\r\n  \r\n}\r\n\r\n.elipse-i-3{\r\n\t\r\nwidth: 350px;\r\nheight: 350px;\r\nbackground: #FFFFFF;\r\nopacity: 0.05;\r\nbox-shadow: 0px 4px 25px rgba(0, 0, 0, 0.07);\r\n  border-radius:50%;\r\n  \tanimation: pw-elipse 3s infinite linear;\r\n\r\n}\r\n\r\n\r\n@keyframes pw-elipse {\r\n\t0% {\r\n\t\ttransform: scale(0.95);\r\nbox-shadow: 0 0 0 10px rgba(142, 68, 173, 0);\r\n\t}\r\n  \r\n\t70% {\r\n\t\ttransform: scale(1);\r\nbox-shadow: 0 0 0 10px rgba(142, 68, 173, 0);\r\n\t}\r\n\t\r\n\t100% {\r\n\t\ttransform: scale(0.95);\r\nbox-shadow: 0 0 0 10px rgba(142, 68, 173, 0);\r\n\t}\r\n}\r\n\r\n<\/style>\r\n\r\n<div class=\"container\">\r\n<div class=\"elipse-i-3\"><\/div>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-713f223 elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"713f223\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-dc14a1c\" data-id=\"dc14a1c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-82717c5 elementor-widget__width-initial elementor-widget-tablet__width-inherit elementor-widget elementor-widget-heading\" data-id=\"82717c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Jump to the topic you are looking for<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d7d0d91 elementor-widget__width-auto elementor-widget elementor-widget-button\" data-id=\"d7d0d91\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#Introduction\u200b\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Introduction\u200b<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-47b6bc2 elementor-widget__width-auto elementor-widget elementor-widget-button\" data-id=\"47b6bc2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#LimitedLiabilityCompanies\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Limited Liability Companies <\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60d967e elementor-widget__width-auto elementor-widget elementor-widget-button\" data-id=\"60d967e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#CCorporationForm1120\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">C Corporation: Form 1120<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-806b074 elementor-widget__width-auto elementor-widget elementor-widget-button\" data-id=\"806b074\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#SCorporationForm1120S\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">S Corporation: Form 1120S<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60a2da0 elementor-widget__width-auto elementor-widget elementor-widget-button\" data-id=\"60a2da0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#PartnershipForm1065\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Partnership: Form 1065<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b8dc9c6 elementor-widget__width-auto elementor-widget elementor-widget-button\" data-id=\"b8dc9c6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#OurFees\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Our Fees<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-97ab318 elementor-section-content-top elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"97ab318\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-5190810\" data-id=\"5190810\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8b1e444 elementor-widget elementor-widget-button\" data-id=\"8b1e444\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.expattaxcpas.com\/new\/services#ServicesBlock\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"18\" height=\"18\" viewBox=\"0 0 18 18\" fill=\"none\"><path d=\"M7.37782 3.44032C7.6524 3.16573 8.0976 3.16573 8.37218 3.44032C8.64677 3.7149 8.64677 4.1601 8.37218 4.43468L4.50999 8.29688H15.1875C15.5758 8.29688 15.8906 8.61167 15.8906 9C15.8906 9.38833 15.5758 9.70312 15.1875 9.70312H4.50999L8.37218 13.5653C8.64677 13.8399 8.64677 14.2851 8.37218 14.5597C8.0976 14.8343 7.6524 14.8343 7.37782 14.5597L2.31532 9.49718C2.04073 9.2226 2.04073 8.7774 2.31532 8.50282L7.37782 3.44032Z\" fill=\"#5C5C5C\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Back<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-fffa827\" data-id=\"fffa827\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-117f1c8 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"117f1c8\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"Introduction\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInDown&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Introduction<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9c660aa elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"9c660aa\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"Introduction\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Before providing an elaboration of available business structures in the United States, it is important to note that expats must consult with tax professionals in their country of residence to determine the source of income as it relates to the residence, permanent establishment, and nature of the business as per the resident country\u2019s tax treaty with the US.\u00a0 Once it is decided that it is an effectively connected US business or investment, we highly recommend consulting with an experienced professional to choose ownership structure and a US business set-up that will be most tax advantageous and provide liability and estate tax protection<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-46f4b79 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"46f4b79\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"LimitedLiabilityCompanies\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInDown&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Limited Liability Companies <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66a3a56 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"66a3a56\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"LimitedLiabilityCompanies\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A Limited Liability Company business structure is formed under state regulations. Members of LLCs (owners) are not restricted in most states and therefore can include corporations, and foreign individuals or entities. Limited Liability companies offer personal protection from the company\u2019s debts and obligations (similar to a corporation) while affording flow-through tax advantages (like partnerships or sole proprietorships).<\/p><p>In the case of a single member LLC, by default, the business will be treated as a disregarded entity for tax purposes. The income and losses will be reported directly on the owner\u2019s personal tax return, Form 1040, Schedule C. For LLCs with two or more members, the default status of the LLC is to be treated like a partnership and the LLC will file form 1065. Members will be issued k-1 schedules and will report the flow through income and expenses on Form 1040, Schedule E.\u00a0<\/p><p>LLCs have the option of electing to be treated as a C corporation that will be taxed as a separate legal entity. In order to do so, they must file form 8832. Once the election takes effect, the LLC will file Form 1120.\u00a0 LLCs also have the option of electing to be treated as an S corporation, a flow through corporation; the ownership restrictions that apply to an S corporation also apply to an LLC which elects to be treated as an S corporation (further explained below).\u00a0 Form 2553 must be filed in order to make the S corp election.\u00a0 Both forms 8832 and 2553 must be filed no more than 2 months and 15 days after the beginning of the tax year for which the election is to take effect.\u00a0 However, revenue procedures allow late elections to be made under certain circumstances.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d3e0944 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"d3e0944\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"CCorporationForm1120\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInDown&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">C Corporation: Form 1120<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4c8f6f2 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"4c8f6f2\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The C corporation is the only US business structure taxed as a separate legal entity. All others have \u201cflow through\u201d status where the income flows through to the shareholders who report the income on their personal tax returns (or business tax return in instances where the shareholder is not an individual.) C corporations are open on the State level and have limited liability, i.e. personal assets of the shareholders cannot be sought after to cover corporate liabilities.\u00a0 The major disadvantage of a corporation is that income is subject to double taxation. Net income is taxed on the corporate level and then again to the individual shareholder upon distribution of income in the form of dividends. Dividend distributions are given favorable qualified dividend rates on the personal level.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d67401 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"7d67401\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"SCorporationForm1120S\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInDown&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">S Corporation: Form 1120S<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14ac5f2 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"14ac5f2\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>S corporations are small corporations that elect to be treated as pass through entities. Shareholders of the S corporations report corporate income and losses on their personal tax returns, Form 1040, Schedule E. S corporations allow shareholders to avoid double taxation; however, some built-in gains and passive income are taxed at the entity level. To elect to be treated as an S corporation for tax purposes, the corporation must submit Form 2553.\u00a0 (See above regarding date to file and late election relief.)\u00a0 In order to qualify for this election, the corporation must be a domestic corporation and shareholders cannot include partnerships, corporations or non-resident alien shareholders. Additionally, it must have no more than 100 shareholders, have only one class of stock, and cannot be a bank, insurance company or domestic international sales corporation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-44b2b4e elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"44b2b4e\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"PartnershipForm1065\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInDown&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Partnership: Form 1065\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b9a5abb elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"b9a5abb\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A general partnership is a partnership whereupon all partners contribute to the day-to-day management of the business and have equal authority to make business decisions.\u00a0 The partners generally have unlimited liability, meaning personal partner assets can be sought after to cover partnership business debt.\u00a0 A general partnership generally has no State filing requirement.<\/p><p>A limited partnership must have at least one general partner.\u00a0 A limited partnership is formed on the State level typically via the Secretary of State.\u00a0 Generally speaking, the general partner is the managing partner, responsible for the daily operations of the Company.\u00a0 General partners are liable for the debts and obligations of a limited partnership. However, limited partners are only liable for debts up to their capital contribution. Some states now allow limited partnerships to elect to be treated as a limited liability limited partnership (LLLP). Under this election, general partners are given limited liability for debts that arise once the LLLP election is in effect.<\/p><p>A Limited Liability Partnership is similar to a general partnership in that all partners contribute to the day-to-day management of the business and have equal authority to make business decisions.\u00a0 However, all partners enjoy limited liability and are only liable for debts up to their capital contribution.\u00a0<\/p><p>GPs, LPs, LLPs and LLLPs file Form 1065 and issue k-1s to partners.\u00a0 Income amounts are reported on Form 1040, schedule E of the partner\u2019s personal income tax returns.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7395e6a elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"7395e6a\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"OurFees\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInDown&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Our Fees\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-46116b6 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"46116b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><b>Our Fees<\/b><\/h4><table><tbody><tr><td><p>Form 1120- Corporation Income Tax Return\u00a0<\/p><\/td><td><p>$750- $1400\u00a0<\/p><\/td><\/tr><tr><td><p>Form 1120s- Income Tax Return for an S Corporation\u00a0<\/p><\/td><td><p>$750-$1000\u00a0<\/p><\/td><\/tr><tr><td><p>Form 1120F- Income Tax Return of a Foreign Corporation\u00a0<\/p><\/td><td><p>$750-$1500\u00a0<\/p><\/td><\/tr><tr><td><p>Form 1065- Return of Partnership income<\/p><p>EIN and Form 2553, Election by a Small Business Corporation\u00a0<\/p><p>990EZ- Not-for-profit Tax Return\u00a0<\/p><p>990- Not-for-profit Tax Return\u00a0<\/p><\/td><td><p>$650-$1500\u00a0<\/p><p>$150\u00a0<\/p><p>From $650<\/p><p>From $850<\/p><\/td><\/tr><tr><td><p>Bookkeeping\u00a0<\/p><p>Audited<\/p><p>Financial Statements\u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/p><\/td><td><p>$100 per hour<\/p><p>\u00a0<\/p><p>Contact us for a price quote<\/p><\/td><\/tr><\/tbody><\/table><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Business Tax Returns Your business tax reporting made easy with our expert guidance. Jump to the topic you are looking for Introduction\u200b Limited Liability Companies C Corporation: Form 1120 S Corporation: Form 1120S Partnership: Form 1065 Our Fees Back Introduction Before providing an elaboration of available business structures in the United States, it is important [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"nf_dc_page":"","inline_featured_image":false,"footnotes":""},"class_list":["post-6180","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.expattaxcpas.com\/new\/wp-json\/wp\/v2\/pages\/6180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.expattaxcpas.com\/new\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.expattaxcpas.com\/new\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.expattaxcpas.com\/new\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.expattaxcpas.com\/new\/wp-json\/wp\/v2\/comments?post=6180"}],"version-history":[{"count":5,"href":"https:\/\/www.expattaxcpas.com\/new\/wp-json\/wp\/v2\/pages\/6180\/revisions"}],"predecessor-version":[{"id":9064,"href":"https:\/\/www.expattaxcpas.com\/new\/wp-json\/wp\/v2\/pages\/6180\/revisions\/9064"}],"wp:attachment":[{"href":"https:\/\/www.expattaxcpas.com\/new\/wp-json\/wp\/v2\/media?parent=6180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}