LLC Tax Preparation Services – the Reese CPA Firm.

For Businesses in Eden Prairie, MN & the Twin Cities Metro

At the Reese CPA Firm, we provide CPA-led LLC tax preparation for businesses in Eden Prairie, Minnesota and across the Twin Cities Metro. LLC tax filing is not “one-size-fits-all”—an LLC can be taxed as a Partnership (Form 1065), an S-Corporation (Form 1120-S), or in some cases a disregarded entity or C-Corp depending on elections and ownership.

Our role is to ensure your business files the correct tax form, produces accurate K-1s when required, and maintains clean, defensible documentation for year-end compliance.

Which LLC Tax Return Do You File?

LLC Taxed as a Partnership — Form 1065

Many multi-member LLCs default to partnership taxation and file:

  • Form 1065 partnership return
  • Schedule K-1s for each member
  • Proper reporting of ordinary income, separately stated items, and allocations

LLC Taxed as an S-Corporation — Form 1120-S

Some LLCs elect S-Corp taxation and file:

  • Form 1120-S
  • Shareholder K-1s
  • Coordination with owner compensation and payroll reporting (where applicable)

Not sure which applies to your LLC? We can review your setup and confirm your filing position.

What We Provide for LLC Tax Preparation (1065 & 1120-S)

Federal & State Business Return Preparation

  • Preparation and e-filing of Form 1065 or Form 1120-S
  • Minnesota filings and coordination of applicable business tax requirements
  • Tie-out of return totals to supporting financial records

K-1 Preparation (Member / Shareholder Reporting)

  • Accurate K-1 preparation for each owner
  • Proper classification of income and separately stated items
  • Consistent year-to-year reporting to reduce filing issues

Record Cleanup and Tax-Ready Organization

If the books are incomplete or inconsistent, we help you strengthen the filing foundation by addressing common issues such as:

  • Owner distributions and equity activity
  • Business vs. personal expenses
  • Loans to/from owners
  • Fixed assets and depreciation schedules (when applicable)

Multi-State LLC Support (When Applicable)

For businesses operating or filing outside Minnesota, we can assist with:

  • Multi-state business return coordination
  • Owner-level reporting considerations
  • Documentation support for consistent filings

Common LLC Filing Problems We Help Prevent

  • Filing the wrong entity return (1065 vs 1120-S)
  • Missing or incorrect K-1s
  • Inconsistent allocations or ownership changes not reflected correctly
  • Distributions not supported by proper accounting treatment
  • Poor documentation for expenses, assets, or equity activity
  • Mismatches between bookkeeping, payroll (if applicable), and tax reporting

Why Use a CPA for LLC Tax Preparation?

LLC tax filing is often where errors become expensive—especially when:

  • multiple owners are involved
  • K-1s are required
  • books aren’t clean
  • there are multi-state issues
  • owners take distributions or have complex equity activity

A CPA helps ensure your LLC return is:

  • accurate
  • defensible
  • consistent
  • prepared to professional standards for compliance and reporting integrity

Our LLC Tax Preparation Process

  1. LLC intake checklist (ownership, elections, bookkeeping, and payroll if applicable)
  2. Financial review and reconciliation (as needed to support the return)
  3. 1065 or 1120-S preparation + K-1s
  4. CPA review for quality control
  5. E-file and delivery with organized records for your tax file
  6. Optional: next-year planning notes to improve efficiency and outcomes

Serving Eden Prairie and the Twin Cities Metro

We serve LLC clients across:

Eden Prairie, Minnetonka, Chanhassen, Bloomington, Edina, Plymouth, Maple Grove, Minneapolis, St. Paul, and the surrounding Twin Cities Metro area.

If you searched “LLC CPA near me” or “Form 1065 / 1120-S tax preparation Eden Prairie MN,” we’re ready to help.

Frequently Asked Questions

Does an LLC always file Form 1065?

No. A multi-member LLC often files Form 1065 by default, but an LLC can elect to be taxed as an S-Corp (Form 1120-S) or other classifications depending on elections and ownership.

Do you prepare K-1s for LLC owners?

Yes. K-1 preparation is included when your LLC filing requires it (1065 or 1120-S).

Can you help if we switched from partnership taxation to S-Corp taxation?

Yes. We can help coordinate year-to-year continuity and ensure the filing approach reflects elections and ownership properly.

Do you work with LLCs that have messy books?

Yes. We can help reconcile and organize records so the return is accurate and defensible.

Do you handle multi-state LLC filings?

Yes, when applicable. We can coordinate multi-state compliance and owner reporting considerations based on your facts.

LLC Tax Preparation in Eden Prairie, MN

If you want CPA-led LLC tax preparation with clean documentation and accurate filings, contact the Reese CPA Firm.

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