File Business Taxes Online With Confidence

Honestly, it depends less on the brand and more on your business. A single member LLC with clean books has very different needs from an S corporation with payroll, inventory and sales in three states. Software is good at math and transmission. It won't tell you that a deduction is shaky, that last year's 1120-S has an error, or that an IRS notice needs a reply before you file. If any of that sounds familiar, have a professional look before you click submit.

For most federal business returns, yes. Partnerships, corporations and S corporations can all file electronically once the right return and schedules are ready. Before you transmit, reconcile the bank accounts, payroll reports and owner or shareholder information to the books. What online filing can't do is fix old problems. Late years, unpaid balances and open audits need their own plan, and the new return should fit into it.

Start with a profit and loss statement and balance sheet that tie to your bank and credit card statements. Add payroll reports (941s, W-2s and W-3), 1099-NEC records for contractors, last year's return, fixed asset and depreciation schedules, and proof of any estimated payments. Partnerships and S corporations also need owner details for the K-1s. Reconciled records cut down on errors and make the return easy to defend if the IRS asks questions later.

The IRS charges failure to file penalties, adds interest, and can eventually prepare a substitute return using only the income it sees, with none of your expenses. Collection notices tend to follow. The fix is to list every missing period, prepare accurate returns, and file them in an order that supports whatever resolution you'll need for the balance. When several years are missing, that order can make a real difference.

Yes. Missed 941 deposits, late employment tax returns and the penalties that pile on top are among the most urgent problems a business can have, because the Trust Fund Recovery Penalty can be assessed against owners and officers personally. We sort out which quarters are open, get current filings in, and work toward a payment plan or other IRS resolution for the back balance. Afterward, our fractional CFO service can put controls in place so deposits don't slip again.

Yes. The founder is an Enrolled Agent, licensed by the U.S. Treasury with unlimited practice rights before the IRS. That means we can sign a Form 2848, talk to revenue officers and examiners for you, respond to notices, and represent the business in audits, appeals and collection matters. You stop fielding the calls, and the IRS gets organized answers on time.

Sometimes. First Time Abate relief can remove a penalty if the business had a clean record for the prior three years. Reasonable cause relief may apply when something outside your control got in the way, such as a fire, a serious illness or a records loss. Neither is automatic. A good request explains what happened, when, and why it stopped you, with documents to back it up. Interest on the underlying tax usually stays.

File anyway. Filing on time and paying late is far cheaper than doing neither, because the failure to file penalty is much steeper than the failure to pay penalty. Then look at payment options. Many businesses qualify for an installment agreement, and some cases call for a different collection alternative after a review of cash flow and assets. We'll run those numbers with you and suggest something you can keep up with.