Business tax returns

Tax reporting for businesses in the USA: accuracy, timeliness, savings

Every business in the USA is required to file a tax return, regardless of the size of its profit. Errors in reporting can lead to fines from the IRS, tax audits, and additional costs. The company ILLION provides a full range of services for the preparation and filing of business tax returns. We help business owners reduce their tax burden, avoid mistakes, and file their returns on time.

Who is required to file tax returns?

✔ LLC (Limited Liability Company)—taxes depend on the company’s structure (sole proprietorship or partnership).

✔ S-Corp (S Corporation)—profit distribution to owners, reporting through Form 1120-S.

✔ C-Corp (C Corporation)—double taxation, reporting through Form 1120.

✔ Sole proprietorship (individual entrepreneur, self-employed)—filing a declaration through Form 1040, Schedule C.

✔ Partnerships (partnerships)—filing reports through Form 1065.

What does our Business Tax Returns service offer?

1. Analysis of financial data

• The process involves verifying the accounting of income and expenses.
• Determination of possible tax deductions.
• The goal is to optimize the tax burden.
  2. Preparation and submission of the tax return
• The process involves filling out and submitting the necessary tax forms (1120, 1120-S, 1065, Schedule C).
• Preparation of financial statements (profit & loss, balance sheet).
• The process involves verifying the reporting to ensure compliance with IRS requirements.
  3. Tax planning
• The process involves identifying potential tax benefits and deductions.
• We are in the process of consulting on ways to reduce the tax base.
• We are making recommendations for the tax strategy for the upcoming year.
  4. Collaborate with the IRS and state agencies
• I am responsible for preparing adjustments and correcting errors in reporting.
• I am responsible for representing the company’s interests before the IRS.
• The process involves the removal of tax arrears and the management of associated fines.

When is it necessary to file a tax return?

• Sole Proprietorship and LLC (sole proprietorship)—by April 15.
• Partnership, Multi-member LLC—by March 15
• S-Corp (1120-S)—by March 15.
• C-Corp (1120)—by April 15.

Have you missed the deadline for filing your declaration? We will help you submit your report with minimal penalties.

Why choose ILLION?

✔ Error-free filing—we work with current tax regulations.

✔ Tax optimization—we reduce the tax burden through legal methods.

✔ Meeting deadlines—timely submission of reports to the IRS.

✔ Transparent pricing—fixed service costs with no hidden fees.

✔ Working with foreigners—we help non-residents do business in the USA.

Submit an application for tax reporting preparation! Optimize taxes, avoid penalties, and manage finances efficiently.

ILLION—your reliable partner in tax reporting for business!