MyCompanyWorks Package: Startup LLC Tax Return

$500.00 $425.00

This package is intended for companies in pre-revenue stage who want to make sure their tax returns are filed correctly from the beginning. We will complete and file the correct form for you based on how your LLC is structured and based on your country of ownership.

To qualify for the Startup: LLC Tax Return, your gross business revenue must each be less than $5,000 for the tax year. This threshold is not based on income the company retains, but turnover as received into the company bank account, or income received in any other way.

US Single Owner/Sole Proprietor:

  • Preparation of Form 1040
  • Preparation of Schedule C
  • One State Income Tax Filing (if applicable).
  • Bookkeeping to reconcile up to 30 income/expense transactions.

Foreign Single Owner/Sole Proprietor:

  • Preparation of Form 1120
  • Preparation of Form 5472 (Foreign owners report)
  • Bookkeeping to reconcile up to 30 income/expense transactions.

Multi Owner:

  • Preparation of Form 1065
  • Preparation of Schedule K-1s for up to four members
  • One State Income Tax Filing (if applicable).
  • Bookkeeping to reconcile up to 30 income/expense transactions.

After registration instructions for how to upload your documents and a link for  our simple tax questionnaire will be sent for you to complete. After that has been submitted you will be assigned to one of our experienced accountants in the order of signup. The tax accountant assigned will reach out to you once they start your tax return for any additional information required. Your tax returns will be provided for you to review prior to GBS e-filing them with the IRS.

*Please note this is the starting price for US owned and foreign owned LLC tax preparation. For additional forms and more complex tax situations, an additional fee may apply.