At Prestivo Tax, we empower our business clients with clarity and confidence in their tax compliance and strategic financial planning. We provide expert guidance to understand, manage, and proactively meet tax obligations while optimizing processes and controls.

We offer a full suite of services for Partnerships, S Corporations, and C Corporations, including:

• Entity Selection & Planning
• Accounting & Bookkeeping Services
• Payroll Processing & Compliance
• Comprehensive Tax Compliance & Filing

Partnerships
Navigating the complexities of a partnership requires experienced guidance. Whether you are an existing partner or forming a new venture, Prestivo Tax is your dedicated advisor.

A partnership is generally an unincorporated business with two or more members who share in its profits and losses. We assist with the entire lifecycle, from formation agreements to annual compliance.

Our core partnership services include:

• Preparation and filing of Form 1065, U.S. Return of Partnership Income.
• Detailed allocation of income, deductions, and credits.
• Generation and distribution of Schedule K-1 to each partner.
• Guidance on partnership agreements and modifications to ensure optimal tax treatment.

S Corporations
Electing S Corporation status allows a qualifying domestic corporation to operate as a pass-through entity, avoiding double taxation. Shareholders report their proportionate share of income and losses on their personal tax returns.

Prestivo Tax provides complete S Corp services:

• Advisory on entity selection and the S Corporation election (Form 2553).
• Full accounting, bookkeeping, and payroll support.
• Preparation and filing of Form 1120S, U.S. Income Tax Return for an S Corporation.
• Accurate preparation of Schedule K-1 (Form 1120S) for each shareholder.

C Corporations
C Corporations are separate taxable entities, subject to corporate income tax on their earnings. Distributions to shareholders are typically treated as dividends.

We help C Corporations navigate their distinct compliance landscape, from formation to complex financial reporting.

Our C Corporation services include:

• Corporate tax compliance and strategic planning.
• Preparation and filing of Form 1120, U.S. Corporation Income Tax Return.
• Assistance with financial statement preparation.
• Guidance on corporate governance and state-specific requirements.