LLC tax services built around the way you do business
We help single-member and multi-member LLCs understand their tax classification, prepare the right returns, and plan for owner and state tax obligations.
* We will contact you to arrange a call about your situation, service scope, and pricing. Specific tax advice and ongoing planning are provided under an engagement.
LLC tax preparation & planning
An LLC is a legal structure, not a single tax treatment.
A limited liability company is formed under state law, and its owners are called members. Federal tax reporting depends on the number of owners and any valid tax elections. A single-member LLC, a partnership-taxed LLC, and an LLC with an S election can have very different filing requirements.
Mraz Tax Solutions LLC helps LLC owners choose and maintain the appropriate tax classification, prepare business and owner returns, and understand California and multistate obligations. We review tax efficiency alongside the costs and practical responsibilities of each option.
Part of our complete business tax preparation and planning services for Orange County and clients nationwide.
How we help
Practical support for your business taxes.
Preparation, planning, and advice that connect your business decisions with your tax return.
LLC Tax Return Preparation
We prepare returns for your actual tax classification: owner-level schedules, partnership returns, or corporate returns. We coordinate business reporting with the members’ related tax information.
Entity Election Planning
We compare disregarded-entity, partnership, S corporation, and C corporation treatment, including eligibility, effective dates, and the forms needed for the election.
California Tax & LLC Fees
We review Form 568 obligations, the annual LLC tax, and any income-based LLC fee. An LLC taxed as a corporation follows different return and tax rules, so we confirm the classification first.
Member Income & Distributions
We help distinguish contributions, owner draws, guaranteed payments, wages, and distributions based on how the LLC is taxed, with attention to member basis and supporting records.
Multi-State Business Activity
We review where the LLC conducts business and sources income, then address required state returns, apportionment, and relevant owner or nonresident reporting.
Ongoing Tax Planning
We review estimated payments, deductions, asset purchases, payroll issues, and changes in membership. For an S-election LLC, we also address reasonable owner compensation and distribution planning.
Decisions worth planning for
Choose a tax treatment you can maintain.
An election changes more than the form you file. We look at projected income, how owners are paid, state costs, and the record keeping needed to make the chosen structure work.
An S Election Does Not Always Require Two Forms
An eligible LLC that meets the applicable requirements can generally elect S corporation treatment with Form 2553 without separately filing Form 8832. Other classification changes may require Form 8832. We review eligibility, timing, and any available late-election relief.
Explore S corporation tax servicesBudget for California’s Ongoing Requirements
LLCs subject to California’s LLC tax rules generally owe an $800 annual tax, and an additional fee may apply when total California income is $250,000 or more. The broad first-year annual-tax exemption applied to tax years beginning in 2021–2023, not newly formed LLCs in 2026. Other specific exceptions and corporate-election rules require separate review.
Separate the Books and Track Ownership Changes
Clear business records support deductions and make it easier to track member transactions. Adding or removing an owner, changing tax classification, or closing the LLC can create new filing obligations. A federal disregarded entity can still have separate employment, excise, and state tax responsibilities.
Questions & answers
Frequently Asked Questions
Business structure and tax treatment are connected, but they are not the same thing. We help you understand which rules apply to your business and its owners.
Request a free initial consultation Can a single-member LLC be taxed as an S corporation?
Yes, if it meets the S corporation requirements and makes a valid election. An eligible LLC can generally file Form 2553 without a separate Form 8832 under the applicable deemed-election rules. It remains an LLC under state law. We confirm timing, eligibility, and the resulting payroll and filing obligations.
Does every multi-member LLC file a partnership return?
A domestic multi-member LLC is generally taxed as a partnership by default, unless it elects corporate treatment or another exception applies. Special rules can apply to certain spouse-owned community-property businesses. We confirm the actual classification before preparing the return.
Does forming an LLC automatically reduce my taxes?
No. An LLC is a state-law business structure, and its tax treatment depends on ownership and elections. Potential tax savings must be weighed against state taxes, payroll, administration, and other ongoing costs.
Why should I keep personal and LLC finances separate?
Separate accounts and consistent records help substantiate business expenses and identify owner contributions, distributions, and loans. They also support accurate return preparation. Legal liability protections depend on state law and how the business operates; entity formation does not replace good record keeping.
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Get in Touch
Have any questions?
Let's talk.
Request a free initial consultation to discuss your situation, service scope, and pricing. We will contact you to arrange a call. Specific tax advice and ongoing planning are provided under the terms of an engagement.
Office visits are by appointment. We accept tax-document drop-offs after a signed engagement agreement and by prior arrangement. Please request an appointment before visiting.
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