Partnerships (Form 1065) and S-Corps (Form 1120-S)

Partnership and S-Corp Tax Preparation in Houston & Nationwide

While your business may not pay federal income tax at the corporate level, the accuracy of your information return is critical. Based in Houston, our firm supports partnerships and S-Corps across the United States, ensuring that every credit, deduction, and income item is properly allocated before it reaches your individual return.

Strategic Filing for Pass-Through Entities

We go beyond just “filling in the boxes.” For partnerships and S-Corps, the value lies in the details that happen before the filing deadline:

• Schedule K-1 Management: We ensure each partner or shareholder receives an accurate K-1 that reflects their specific basis, distributions, and share of profits.
• Reasonable Compensation Analysis: For S-Corp owners, we help determine a “reasonable salary” to satisfy IRS requirements while optimizing your savings on self-employment taxes.
• Basis Tracking: We maintain diligent records of owner basis to ensure you can safely deduct losses and receive tax-free distributions.
• Section 199A (QBI) Deduction: We maximize the 20% Qualified Business Income deduction, a significant benefit for many pass-through entity owners.

Navigating Form 1065 vs. Form 1120-S

Whether you are organized as a multi-member LLC filing as a partnership or have made the S-Corp election, we manage the specific nuances of each:

Feature	Partnership (Form 1065)	S-Corp (Form 1120-S)
Ownership	Flexible; can include other entities/foreigners	Limited to 100 US-based shareholders
Profit Allocation	Can be customized via partnership agreement	Must be strictly pro-rata based on shares
Filing Deadline	March 16, 2026 (for calendar year)	March 16, 2026 (for calendar year)
Self-Employment Tax	Typically applies to all active partner income	Only applies to W-2 salary, not distributions

Why Businesses Trust Us Nationwide

Operating out of Houston’s dynamic business environment has given us deep experience in industries ranging from professional services to real estate and tech. We use secure digital workflows to serve clients from New York to California, providing a “local firm” feel with national-level expertise. We ensure you meet the March 16th deadline (since March 15th falls on a Sunday in 2026) to avoid the steep per-partner penalties for late filing.