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Updated over 2 years ago on . Most recent reply presented by

User Stats

4
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1
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John Smith
  • New York City, NY
1
Votes |
4
Posts

Tax Preparation Advice

John Smith
  • New York City, NY
Posted

What's the most cost-effective way to prepare taxes for a basic partnership? I started an LLC with 6 partners with the purpose of constructing a home and selling it in NY State. The LLC has incurred only expenses thus far. Basically, I need to prepare K-1s for all partners.

I had an accountant prepare the return last year for ~$900, though he has since retired, so I'm looking for other (hopefully more affordable) options.

I'd prefer that someone prepare a return for me, but I'm open to doing it myself if it's super straightforward.

Any advice is much appreciated!


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