Services · Business Tax

Corporate Tax Filing.
Done Right.
Every Year.

Navigating corporate tax requirements shouldn't be a burden. We specialize in federal and state tax filing for all business structures — ensuring you stay compliant, meet every IRS deadline, and pay only what you legally owe.

C-Corp (1120), S-Corp (1120-S), Partnership (1065)
Multi-year and multi-state filing
State & franchise tax, all 50 states
Flat-fee pricing — know the cost before you commit

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Tell us your entity type — we respond within 24h.

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Which Return Does
Your Business Need?

Every entity type has its own forms, rules, and deadlines. We handle all of them — with full accuracy and zero missed deductions.

Form 1120

C-Corporation

Specialized tax preparation for C-Corps — ensuring compliance with federal and state regulations, strategic planning to minimize double taxation on distributions, and full utilization of corporate deductions.

  • Federal Form 1120 preparation & filing
  • State corporate income tax returns
  • Dividend and distribution planning
  • Corporate deduction optimization
  • Accumulated earnings analysis
  • Quarterly estimated tax payments
Form 1065

Partnership / LLC

Comprehensive reporting for multi-member LLCs and partnerships — including K-1 distributions, guaranteed payments, and correct allocation of income, deductions, and credits to every partner.

  • Federal Form 1065 preparation & filing
  • K-1 preparation for every partner
  • Guaranteed payments analysis
  • Partnership basis and at-risk calculations
  • State partnership returns
  • Section 754 elections (if applicable)

What Happens When
Business Taxes Go Wrong

Corporate tax errors are expensive — and the IRS has more resources than ever to find them.

Common Business Tax Mistakes

  • Wrong entity type filed — IRS reclassification triggers back taxes and penalties
  • K-1s prepared incorrectly — shareholders face unexpected personal tax bills
  • Missed deductions — overpaying by thousands every year
  • Late filing — automatic penalties of 5% per month, up to 25%
  • Unreasonable S-Corp salary — IRS audit red flag, self-employment tax reassessed
  • Multi-state nexus ignored — surprise state liabilities discovered years later

With WELFO Business Tax Filing

  • Correct entity filing every time — no reclassification surprises
  • K-1s prepared accurately — every shareholder gets the right numbers
  • Every available deduction captured — nothing left on the table
  • Filed on time, every time — extensions managed proactively
  • Reasonable compensation documented and defensible to the IRS
  • Multi-state compliance reviewed — no hidden liabilities waiting to surface

Everything Included in
Business Tax Filing

Beyond the core return — all the additional services that keep your business fully compliant.

Multi-Year Tax Filings

Behind on business taxes? We file overdue returns for multiple prior years simultaneously — with penalty abatement requests where applicable to reduce what you owe.

State & Franchise Tax

State-level income taxes and franchise taxes in all 50 states — including nexus analysis for multi-state operations so nothing gets missed.

Quarterly Estimated Taxes

Accurate quarterly estimated tax calculations and scheduling — so your business avoids underpayment penalties and you're never surprised by a large year-end bill.

Tax Extension Filing

Need more time? We file Form 7004 before the deadline — buying you up to 6 additional months without incurring late-filing penalties.

K-1 Preparation

Accurate Schedule K-1 for every partner and shareholder — so each person's personal tax return reflects the correct pass-through income, deductions, and credits.

IRS Audit Support

If your return is selected for examination, we represent you directly before the IRS — with full Enrolled Agent authority to respond, negotiate, and resolve on your behalf.

"

We had three years of unfiled S-Corp returns and were terrified of the IRS. WELFO filed everything, got the penalties substantially reduced, and set up a payment plan. The penalty savings alone more than covered their fee several times over.

— Robert & Dana K., Software Consulting S-Corp, New York  · 

Your Business Return,
Start to Finish*

Seven stages, from the first upload to accepted filings. Progress is visible in your client portal.

1
Collect
You
Upload your books, bank statements and prior returns to the secure portal.
2
Clarify
You & WELFO
We flag gaps in the books and confirm ownership and entity details.
↺Books not ready? We can catch them up first.
3
Prepare
WELFO
Your return is drafted (1120-S, 1065 or 1120), with K-1s where needed.
4
Review
WELFO
A CPA reviews the return and every K-1 before it reaches you.
5
Sign
You
Owners approve the return and e-sign the authorization.
6
File
WELFO
We e-file federal and state returns.
↺Rejected? We fix it and resend.
7
Process
IRS & State
The IRS and states review and accept the filings.
YouWELFOIRS & State

* Illustration of one typical scenario. Stages, order and timing vary with your situation and with IRS and state processing.

How Profit Reaches
Your Personal Return*

For S-Corps and partnerships, the business pays no income tax itself. Profit passes to each owner, and the same CPA prepares both returns.

1 · The business files
Business return
Form 1120-S or 1065
Profit & loss
2 · Profit is allocated
Schedule K-1
Owner A · 60%
Schedule K-1
Owner B · 40%
3 · Owners report it
Form 1040
Owner A
Form 1040
Owner B

* Illustration with example ownership split. Allocation follows your operating or partnership agreement.

Business Tax
Filing Deadlines

Missing a business tax deadline triggers automatic penalties. We file on time — or request an extension proactively if more time is needed.

JanFebMarAprMayJunJulAugSepOctNovDec
S-Corp & PartnershipForms 1120-S · 1065
Due Mar 15Extended Sep 15
C-Corp & Single-Member LLCForms 1120 · Sch. C
Due Apr 15Extended Oct 15
EntityFormDue DateExtended
S-Corporation1120-SMarch 15Sept 15
Partnership1065March 15Sept 15
C-Corporation1120April 15Oct 15
Single-Member LLCSch. CApril 15Oct 15

* Dates shown for calendar-year entities. Fiscal-year businesses have different due dates.

What Late Filing
Actually Costs

Failure-to-File Penalty

5% of unpaid taxes per month, up to 25% of the total. Applies from the first day past the deadline.

Failure-to-Pay Penalty

0.5% per month on unpaid taxes, up to 25%. Accrues even if an extension was filed — extensions extend the deadline, not the payment.

Partnership & S-Corp Late Fee

$245 per partner/shareholder per month for late Forms 1065 and 1120-S — even if no tax is owed.

Daily Interest

IRS interest compounds daily on any unpaid balance from the original due date until paid in full.

Why Businesses
Choose WELFO

What you getDIY / Tax SoftwareLarge Accounting FirmWELFO
Licensed CPA prepares your returnNo professional reviewSometimes (junior staff)✓
Enrolled Agent — IRS representation✕Varies✓
Flat-fee pricing upfrontSoftware cost + your timeHourly billing✓
24-hour response guarantee—Days or weeks✓
K-1s + personal returns — same CPA✕Usually separate✓
Multi-year catch-up filingComplex / error-prone (but expensive)✓
Bilingual English & Russian—Rarely✓
All 50 states coveredPartial✕✓

Business Tax Questions,
Answered Honestly

My business hasn't filed in several years. What now?
This is more common than you'd think — and entirely fixable. We prepare all unfiled returns, calculate accurate liabilities, apply for penalty abatement where eligible (which can reduce penalties significantly), and set up a payment plan with the IRS if needed. The sooner you act, the better the outcome.
Do you file state returns as well?
Yes — we file state corporate and franchise tax returns in all 50 states. If your business has operations, employees, or sales in multiple states, we conduct a nexus analysis to determine your filing obligations and handle each return accurately.
Can you file the business return and partners' personal returns?
Yes — many clients have us file both. When the same CPA handles the partnership or S-Corp return and each owner's personal 1040, there are no errors between the K-1 and the personal return. One engagement, one flat fee, zero coordination headaches.
What is a "reasonable S-Corp salary" and why does it matter?
The IRS requires S-Corp owner-operators to pay themselves a salary comparable to what you'd pay someone else for the same work. Paying too little is an audit red flag and can trigger self-employment tax reassessment. We analyze your situation and document a defensible compensation level that holds up to scrutiny.
My books are a mess. Can you still file?
Absolutely. We can clean up the books as part of the same engagement — reconcile accounts, organize records, then prepare the return from clean financials. Bookkeeping and tax filing bundled together at one flat fee, not two separate bills.
How much does business tax filing cost?
We use flat-fee pricing — you receive an exact quote before we start, with no hourly billing surprises. S-Corp, partnership, and C-Corp returns start at $990. A foreign-owned single-member LLC with no US activity to report starts at $450. Multi-year filings are quoted based on the number of years and complexity. Book a free consultation and we'll give you a specific number on the call.

File Your Business Taxes
With a Real CPA

Accurate returns, maximum deductions, zero missed deadlines. Get a flat-fee quote today.

All entity types · All 50 states · Flat-fee · English & Russian