Partnership Tax Compliance – Partial Payment

This is a partial payment and minimum price for our tax compliance (planning/preparation) service for your partnership's federal and state tax returns.

Price $895.00
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We offer this tax compliance service to returning partnership clients who are not traders.

Choose this service if you had a general partnership, multi-member LLC (limited liability company) or LP (limited partnership) choosing to file a partnership tax return. (Some LLCs file timely elections to be taxed as S-Corps or C-Corps.)

We suggest you also sign up for our individual tax compliance service as important matters — including pass-through of Schedule K-1 income, loss and expense and reporting tax liability or use of net losses — are applied on your individual tax returns.

The following clients should consider our partnership tax compliance service (we have separate categories for traders and investment managers):

  • Those who house investments in an entity classified as a partnership, without eligibility for trader tax status.
  • A small business using a partnership structure.

Other items to consider:

  • A partnership with underlying earned income passes through earned income to owners whereas an S-Corp does not.
  • A partnership can have special allocations whereas an S-Corp cannot.
  • Passive activities are subject to passive-activity loss limitations.
  • 2017 Tax Cuts and Jobs Act's 20% deduction on qualified business income (QBI) in pass-through entities. There are phase-outs for owners of service businesses, and wage and property limitations for all types of companies. It's wise to do year-end tax planning to maximize this 20% QBI deduction.

Expect a balance due when we complete the engagement. Please read Price & Billing Policies for more information.

After purchase, our administration team will follow up with you by email to commence the tax compliance process. See how our virtual communication process works efficiently.

If you have any questions, please contact us.

Thank you for trusting our firm to help you. We've earned trust from traders since 1983.

Sincerely,
Robert A. Green, CPA
Darren L. Neuschwander, CPA
Managing Members, Green, Neuschwander & Manning, LLC

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