C and S corporations
Federal and state returns for US corporations.
Business tax · US & Canada
Corporate tax returns for the US and Canada.
Cloud Accounting prepares and files business tax returns for corporations, partnerships and LLCs in the US and Canada: US Forms 1120, 1120-S and 1065 with state returns, Form 5472 for foreign-owned companies, and the Canadian T2. You talk directly with Di Lu, CPA, in English or Chinese.
Who it's for
Partnerships and multi-member LLCs
A partnership return, with a K-1 for every partner.
Foreign-owned US companies
Form 5472, including the pro forma 1120 for a single-member LLC.
Canadian corporations
T2 returns with GIFI financial statements.
Books not ready
We bring the books up to date, then prepare the return.
New or changing companies
A first-year return, an S corporation election, or new owners.
What we prepare
United States
- Form 1120C corporation income tax return.
- Form 1120-SS corporation return, with shareholder K-1s.
- Form 1065Partnership and multi-member LLC return, with partner K-1s.
- Form 5472Reporting for foreign-owned US corporations and LLCs.
- State returnsState income and franchise tax returns.
Canada
- T2 returnFederal corporation income tax return, with provincial schedules.
- GIFI statementsFinancial statements in the format the CRA requires.
- Form T1134Reporting for foreign affiliates.
Your quote lists every return and form included before work starts.
What it costs
Most popularTax and Compliance$1,599/year$1,999$2,999
Get your business established and keep its filings and finances on track.
- Everything in Starter
- EIN processing up to 2 weeks faster
- Federal and state business tax filing
- One-to-one tax consultation
- Bookkeeping and invoicing software
- Registered agent service
Bring your books and business taxes together with a dedicated bookkeeper.
- Everything in Tax and Compliance
- Dedicated bookkeeper
- Monthly financial statements
- Coordinated bookkeeping and taxes
- Estimated quarterly taxes
Quoted for youAfter your consultation
US business returns are included in these plans. Canadian corporations are quoted after your consultation.
Book a consultationPlan prices are annual, in USD. Government filing fees are extra.
How it works
- 01
Book a free call
A short phone consultation. Tell us what you need and what changed this year.
- 02
Get a clear quote
You see every return included and the fee before any work starts.
- 03
Share your documents
Upload them to the secure client portal, never by email.
- 04
Review and file
We walk you through the return and file it once you approve.
What to prepare
Bring what you have. Missing records can be part of the conversation.
- Last year's return and any IRS, CRA or state notices.
- Year-end financial statements, or access to your bookkeeping.
- Bank, card and loan statements for the year.
- Owners, their shares, and any ownership changes during the year.
Common questions
Short answers here. For your own situation, ask at a consultation.
Book a consultationDo you also prepare the owners' personal returns?
Yes, as a separate engagement. Preparing both lets salary, dividends and distributions line up across the business and personal returns. See individual tax.
My books aren't up to date. Can you still file?
Yes. We bring the books up to date first, as a bookkeeping engagement, then prepare the return from them.
My US company is owned from outside the US. Do you handle that?
Yes. Foreign-owned US corporations and single-member LLCs have extra reporting, including Form 5472. We prepare it with the company's return.
How much does a business return cost?
US business returns are included in the Tax and Compliance and Business in a Box plans. Canadian corporation returns are quoted after your consultation.
Guides on this topic
- Late LLC Tax Election: Relief for Form 8832
- Late or unconfirmed S corporation election relief
- When an S corporation election pays off, and how to make it
- Switching a C corporation to S status: what it costs
- State Income Tax When Your Business Crosses State Lines
- Buying a Business: Asset or Stock Tax Consequences
Show all 54 guides
- Buying Out a Partner: Tax for Both Owners
- California minimum tax and LLC fee: who owes it and when
- Catching Up on Unfiled Business Tax Returns
- Correcting a Business Return After K-1s Go Out
- Deducting Software Development Done Abroad
- Delaware franchise tax: why the bill is high and how to lower it
- How a C corporation is taxed and what it files
- How an LLC Is Taxed: Defaults and Elections
- How Partnerships and Multi-Member LLCs Are Taxed
- How S Corporations Are Taxed and File Form 1120-S
- Late Business Return Penalties and How to Seek Relief
- State Pass-Through Entity Tax: Should You Elect It?
- Selling your business: asset or stock sale tax
- Texas Franchise Tax: Reports, Threshold and Forfeiture
- Which Tax Returns Your Business Files, Even With No Income
- Filing Your First Business Tax Return, Step by Step
- Closing an LLC or Corporation: Final Filings and Assets
- Buying a Vehicle Through Your Business or Personally
- Legal Ways to Lower Your Business Tax
- S Corporation Owner Salary and the QBI Deduction
- Extended C Corporation Return: What Is Due October 15
- Filing a US Corporation's Return From Abroad
- First Form 1120 for a Pre-Revenue Foreign-Owned Corporation
- Does a Company Outside the US File a US Tax Return?
- US Parent of a Foreign Operating Company: Yearly Filings
- US Subsidiary of a Foreign Company: Yearly Filings
- Hiring a Preparer for a Foreign-Owned Corporation Return
- Estimated taxes for S corporation owners
- Adding or Buying Out a Shareholder in Canada
- Catching Up on Unfiled Corporate Returns in Canada
- Choosing or Changing a Corporate Year-End in Canada
- Filing your corporation's T2 return: deadlines and DIY
- How Canadian Corporations Are Taxed: Rates and Dividends
- Working in Another Province: Registration and Income Tax
- Owning a Company Abroad While Living in Canada
- When an Incorporated Contractor Is a Personal Services Business
- Switching Accountants for Your Canadian Business
- When a Corporation's Owner Dies
- Which Tax Returns Does a Canadian Business File?
- Closing a Canadian corporation: tax, cash and CRA accounts
- Reviving a Dissolved Canadian Corporation
- Buy or Lease a Car Through Your Business or Personally?
- Owning a Canadian Corporation From Outside Canada
- Dividend before or after year-end: which year counts?
- How to Pay Yourself in Your Corporation's First Year
- When Your Corporation Owns the Home You Live In
- How Much to Pay Yourself From Your Corporation
- Claiming US Tax on a Canadian Corporate Return
Official sources
- IRS: Business structuresSole proprietorships, partnerships, corporations, S corporations and LLCs; the structure decides which return the business files.
- CRA: Corporation income tax returnResident corporations, with a few exceptions, file a T2 return every year, even when no tax is payable.
Use these for background; they do not replace advice on your situation. Links checked .