S-corporation returns
Prepare Form 1120-S using the business records and ownership information. Review shareholder payments, basis records and compensation questions relevant to the return.
Business services · Homer Glen, IL
S-corporation and partnership tax preparation in Homer Glen
Prepare the business return with careful attention to the owners, records and personal filings it affects.
Personal support, from the start
Business returns and the owner records behind them
JK Tax Services prepares S-corporation and partnership tax returns in Homer Glen, including Forms 1120-S, 1065 and Schedule K-1. We review the business records and owner information needed for these filings.
Your business return connects the year’s financial activity to the people who own the company. Clean books, accurate ownership details and complete records help us address questions before the business and personal returns move forward.
Who this service is for
- S-corporation owners preparing the annual business return
- Partnerships and multi-member LLCs with partnership filing needs
- Owners who need Schedule K-1 information for personal returns
- Businesses with changed ownership, distributions or multistate questions
Forms 1120-S, 1065 and owner K-1s
Partnership returns
Prepare Form 1065 and review partner information, capital records and payments. Bring ownership agreements and any changes that affect the year’s reporting.
Schedule K-1 preparation
Prepare the owner reporting forms that connect the business filing with individual returns. Discuss who handles each personal return so information can reach the right place.
State filing review
Identify activity outside Illinois that may require a closer review. Tell us about work locations, employees, property or other business connections in additional states.
Give the owner records as much attention as the books
A profit and loss statement may not explain a new partner, an ownership transfer or money an owner contributed. Those details belong in the filing conversation alongside the financial reports.
Gather prior business returns, ownership information and records of owner payments. We can identify questions about basis, the tax record of an owner’s investment, and other balances that carry from year to year.
Coordinate the business and personal filing calendars
Owners often need their business reporting information before completing a personal return. Start early enough to identify missing bookkeeping and ownership records.
If the books need cleanup, discuss that work at the beginning. Let us know if another preparer handles an owner’s return. Clear responsibilities and realistic timing help everyone understand what they are waiting for.
What to expect
How we prepare S-corporation and partnership returns
Confirm the entity and scope
Bring prior returns and formation or election records to the discussion. We identify the business filing and owner information needed.
Review the books and ownership
Gather financial statements, supporting schedules and records of ownership changes. Resolve open bookkeeping questions before completing the return.
Prepare and review the filing
We prepare the business return and related owner forms. Review the details and ask about items that need clarification before approval.
Connect owner reporting
Provide the completed owner information for personal preparation. Discuss estimated-tax or bookkeeping support if the coming year requires it.
Your questions
S-corporation and partnership tax questions
These answers explain the service and what to prepare. Contact us to discuss your own circumstances.
01Do you prepare both S-corporation and partnership returns?
Yes. JK Tax Services prepares Forms 1120-S and 1065, along with the related Schedule K-1 forms. Share your prior return and current entity details during the consultation.
02Does every LLC file the same tax return?
No. LLC tax filing depends on ownership and tax classification. Bring the formation documents, relevant elections and prior returns so we can review which filing applies to your business.
03Can you prepare the return if my books need cleanup?
We also offer bookkeeping cleanup. Discuss the condition of the books early so we can assess the work required before preparation. Cleanup may involve a separate scope and fee.
04What will the business return cost and how long will it take?
The initial consultation is free. Fees and timing depend on the entity, ownership, state filings and quality of the records. We can discuss the scope after reviewing your business.
05Why do you ask about shareholder payments?
Payroll, distributions and other owner transactions raise different reporting questions. We need the supporting details to review the business return and related owner information. A total bank withdrawal figure does not explain every payment.
Keep exploring
Related ways we can help.
Let's talk about your taxes
Start with a free consultation.
Tell us what you need help with. Start with a free consultation to discuss your tax or accounting needs.