Taxation in the United States is unique and complex
Filing taxes and reports alone means dealing with a massive, three-million-word tax code. Laws and rules are always changing, like the new 2024 requirement for Non-US citizens to submit a BOI report to FinCEN. Plus, there’s the stress of making sure you file everything correctly, because missing something could hit you with a $25,000 penalty and other legal problems.
Filing a yearly tax return is required
The Internal Revenue Service (IRS) expects you to file forms (known as federal tax) even if no taxes are owed. But as a US company owner, you get some great benefits:
Taxes are filed annually — No hassle with monthly filings
Filing is online — No need for US presence
Some type of foreign-owned business are even tax free in the US
But even if you owe taxes, there are ways to maximize your refund and fully comply with US laws.
End-to-end business tax and compliance packages
US Business tax requirements vary by entity type. Choose the plan that's right for your US company, whether it's a Single-Member LLC (SM LLC), Multi-Member LLC (MM LLC), C Corporation(C corp), or S Corporation Election (S Corp).
What's included
Single-member LLC
Multi-member LLC
C Corporation
S Corporation
Consultation with tax accountant
Yes
Yes
Yes
Yes
Business tax forms
5472, 1120 pro forma
1065
1120, 5472 (if needed)
1120S
BOI filings
Yes
Yes
Yes
Yes
FBAR (FinCEN Form 114)
Yes
Yes
Yes
No
Registered agent renewal
Yes
Yes
Yes
Yes
Compliance reminder/calendar
Yes
Yes
Yes
Yes
Email support (year-round)
Yes
Yes
Yes
Yes
Annual report (Wyoming)
Yes
Yes
Yes
Yes
Total price
$799/year
$1249/year
$1249/year
$1249/year
Discount
15% discount on the first year for clients who incorporate with us
Follow the link for your chosen entity to get started
They have helped me navigate all the tricky tax stuff like a pro.
— Sol
Experienced tax accountants for international US tax situations
You work directly with a dedicated accountant who knows taxes inside and out, and every return is reviewed by an IRS-enrolled agent (EA) or Certified Public Accountant (CPA).
Refunds done right
You won’t miss any deductions! Your accountant will find every one you’re entitled to, so you get the biggest refund possible.
Seamless between tax accountant & incorporation team
You get a streamlined approach that keeps your company clear and compliant, so you can focus on growth.
Everything is digital and securely e-filed
Your info, resources, and tools are all easily accessible and protected by our highly secured 256-bit file sharing system.
They use their common sense to make sure my information is correct (I inputted one item line wrong and they caught my mistake) to help get the best refund / status possible. I recommend it to anyone who needs help with their taxes.
We’ll get to know each other, discuss your business goals, and explore how we can assist with taxes and compliance. Feel free to ask any questions.
2Sign & pay
You’ll receive an electronic engagement letter outlining our services and an initial deposit email with a secure payment link.
3 Upload your info securely
Upload your documents via our secure Collaboration Portal and complete a questionnaire. Your accountant will review everything and contact you with questions to ensure you get the maximum tax deduction and stay compliant.
4 Review your filing documents
Review and approve your prepared tax return, and we’ll handle the e-filing with the IRS for you.
5 Stay 100% compliant
We support you year-round, managing compliance and keeping you informed of deadlines and changes.
All-in-one tax and compliance solution for your US company
With Big 4 experience and over 15 years of handling US taxes through our parent company, Online Taxman, we provide personalized advice to help you choose the best business structure and stay compliant. Unlike other services that rely on automation, we offer tailored solutions, ensuring your taxes are optimized and your filings are on point.
We don’t use a one-size-fits-all approach. Entity Inc. team brings real expertise and a deep understanding of the ins and outs of US taxes, especially for global entrepreneurs.
Here’s how our tax consultation works:
Book a consultation:
Schedule a session with one of our tax accountants to discuss your business and find the best way to optimize your US setup. Our team’s expertise in US and international tax ensures you’ll receive personalized advice.
During the consultation: We’ll address your specific needs and provide a clear plan for required paperwork and how we can assist.
Consultation fee: The $69 fee is credited toward your package if you choose to work with us, ensuring we dedicate time to serious clients.
After the consultation: We’ll send a contract and payment link, and once signed, we’ll start working on your documents.
Tax obligations differ quite a bit between LLCs, C Corps, and S Corps:
LLC: LLCs are usually “pass-through” entities, which means the business itself doesn’t pay federal income taxes. Instead, the profits and losses pass through to the owners, who report them on their personal tax returns. If it makes sense for your business, an LLC can also choose to be taxed as a C Corp or S Corp.
C Corp: C Corps deal with double taxation. First, the corporation pays taxes on its profits. Then, if those profits are distributed as dividends, shareholders also pay taxes on that income at their personal tax rate.
S Corp: Like LLCs, S Corps have “pass-through” taxation, so the business itself isn’t taxed. The profits and losses go straight to the shareholders’ personal tax returns. The upside is avoiding double taxation, but there are stricter rules—like a limit on the number of shareholders and who can be one.
So, LLCs and S Corps help you avoid double taxation, with the income flowing directly to your personal tax return. C Corps, on the other hand, are taxed twice — once at the corporate level and again when profits are paid out as dividends. The right choice depends on your business goals, ownership structure, and how you want to manage your taxes.
Ongoing compliance requirements differ for LLCs, C Corps, and S Corps, and Entity Inc. is here to help you manage them all:
LLC: Generally simpler, with most states requiring an annual report and fee. You’ll need to keep proper records, like financial statements, especially for multi-member LLCs. If your LLC is taxed as a corporation, additional filings, like corporate tax returns, may be required. Entity Inc. can handle your annual reports, BOI filings, and tax forms like 5472 or 1065, ensuring everything is done right.
C Corp: More formal requirements, like the detailed record-keeping, and filing an annual report with the state. C Corps must file a corporate tax return (Form 1120) and issue financial statements to shareholders each year. We take care of all these compliance needs, from BOI filings to FBAR and others.
S Corp: Similar to C Corps, with record-keeping, and state filings. S Corps file a specific tax return (Form 1120S) and provide shareholders with a Schedule K-1, detailing their share of income, deductions, and credits. Entity Inc. helps you stay compliant with all these requirements, including the new BOI filings starting in 2024.
In short, LLCs have fewer compliance requirements, while C Corps and S Corps require more formal processes. With Entity Inc., you get expert support to handle all these obligations, ensuring your business stays compliant and runs smoothly.
Didn’t find the answer here? Don’t hesitate to contact us and we’ll be more than happy to help you!
An LLC with only one owner. LLC taxes are simple: Income is taxed as personal income, not at the business level. Profits are passed to the owners, who pay taxes individually (so called pass-through taxation). Many types of businesses won't owe US tax but some do. In that case, additional forms are required.
An LLC with two or more owners. LLC taxes are simple: Income is taxed as personal income, not at the business level. Profits are passed to the owners, who pay taxes individually (so called pass-through taxation). Many types of businesses won't owe US tax but some do. In that case, additional forms are required.
Before you trust us with your tax and financial needs, you can have a call with our tax professional. During the consultation, you can ask questions and get an overview of tax-saving strategies based on your information. Our accountant will guide you on what to file and report to ensure compliance and minimize your taxes.
Includes all tax forms that the business entity is required to file. In some cases, the individual owner, member, or shareholder of the business must also file individual US tax forms. Those forms are not included in the package and will incur an additional fee. Our tax accountant will determine during the consultation if any tax forms for individuals are needed and provide the cost.
Beneficial Ownership Information report, required by US government
FBAR (FinCEN Form 114) is a required report for US entities owned by US citizens or green card holders to disclose foreign financial accounts over $10,000. Failing to file can lead to severe fines and legal issues.
We’ll keep you updated on deadlines and regulatory changes as your company grows.
Count on support from your accountant, who knows your case from day one, providing clear and detailed answers on related tax and compliance issues.
The annual report is a US state filing requirement that is specific to the state your company is formed in. The filing fee, required info, complexity, process of filing, and deadlines can all be different from state to state. Some states even call it a different name, like franchise tax.
We typically recommend registering in Wyoming, due to its favorable laws and low cost. If your company is registered in a different state, a higher fee may apply.
