Managing tax filing for a Multi-Member LLC can be complex, but we make it simple. Our expert tax professionals ensure accurate filing, evaluate income sources, put into action Tax Treaty provisions where applicable, and help LLC members save taxes legally while ensuring business stay compliant with IRS regulations.
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By default, the IRS classifies a Multi-Member LLC as a Partnership, requiring it to file Form 1065 (U.S. Return of Partnership Income). The LLC itself doesn’t pay federal taxes, but each member reports their share of income on Schedule K-1 (Form 1040).
✅ Form 1065 (Partnership Tax Return) – Reports total income, deductions, and expenses.
✅ Schedule K-1 (Partner’s Share of Income, Deductions, and Credits) – Sent to each LLC member for individual tax filing.
✅ State Tax Filings – Depending on your LLC’s location, additional state tax returns may be required.
Yes! A Multi-Member LLC can elect to be taxed as an S-Corporation or C-Corporation for potential tax advantages. We can help you determine the best tax election for your business.
💼 Office rent, utilities, and equipment
🚗 Business travel, mileage, and client entertainment
📈 Marketing, advertising, and digital expenses
📚 Professional development, training, and certifications
Proper tax planning, choosing the right tax election, and claiming all eligible deductions can significantly reduce your LLC’s tax burden. Our team provides year-round tax planning to optimize your tax savings.
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