What this service is

Federal returns support is a structured service that prepares your business for US federal filing by delivering tax-ready books, a clean workpaper pack, and coordinated preparation with CPA/EA partners where required. The focus is accuracy, consistency, and a defensible record trail—especially for multi-state and foreign-owned businesses.

This service is designed to deliver:

• a clear determination of which federal return applies: 1120, 1120S, 1065, or Schedule C

• a reconciled, tax-ready financial package (P&L + balance sheet + key schedules)

• a controlled information workflow (minimal, organised, repeatable)

• coordination with CPA/EA partners for preparation/filing where required

• a clean record pack for banks, investors, and future diligence

Who this is for

This service is a fit if you are:

• a corporation filing Form 1120 (C-Corp) or Form 1120S (S-Corp)

• a partnership/LLC filing Form 1065

• a sole proprietor or single-member LLC filing Schedule C

• a foreign-owned US business needing strong documentation posture

• a multi-channel business (Shopify/Stripe/marketplaces/wholesale) with reconciliation complexity

• an S-Corp that wants disciplined year-end posture (including payroll alignment)

• behind on bookkeeping and need a controlled cleanup and filing plan

What each return typically represents (practical view)

We treat this as an operational classification step to avoid wrong filings:

• Form 1120 (C-Corp): separate corporate taxpayer; financial statements and tax adjustments sit at the corporation level.

• Form 1120S (S-Corp): pass-through structure; shareholder reporting and basis tracking become central; owner payroll posture often matters.

• Form 1065 (Partnership): pass-through reporting; partner capital accounts, allocations, and K-1s are core.

• Schedule C (Sole prop / SMLLC): business activity reported on the owner’s individual return; clean income/expense mapping and substantiation matter most.

Key principle: the best outcome is not “picking the cheapest form.” The best outcome is filing the correct return with numbers that reconcile and documentation that holds up.

What we control before any return is prepared

Federal returns become expensive and risky when the books are not clean. Before preparation starts, we stabilise:

• bank/credit card/merchant reconciliations for the tax year

• revenue mapping by channel (invoices, platforms, clearing accounts)

• owner activity (draws, distributions, contributions, loans) recorded correctly

• payroll and contractor totals aligned to year-end reporting posture

• balance sheet integrity (loans, retained earnings/equity, fixed assets where tracked)

• consistency checks across P&L, balance sheet, and cash movement

If gaps exist, we scope a controlled cleanup window first.

Benefits of structured federal return support

• Lower amendment and notice risk: filing from reconciled numbers, not estimates

• Faster CPA/EA cycle: cleaner pack reduces clarifications and rework

• Stronger owner/equity discipline: avoids misclassification of distributions and loans

• Bank and investor readiness: consistent financials and filing archive

• Multi-entity scalability: repeatable workflow across multiple companies

• Defensible records: a workpaper trail you can rely on later

What we typically help you prepare (tax-ready pack)

Depending on your return type, the package usually includes:

• final year P&L and balance sheet (reconciled)

• general ledger and trial balance

• revenue schedules by channel (and clearing account reconciliations where applicable)

• owner/equity schedules:

  • distributions/draws vs contributions

  • shareholder/partner activity summaries (as applicable)

• payroll summaries (S-Corp posture and W-2 tie-out readiness where applicable)

• contractor totals and 1099 readiness summary (if relevant)

• major expense and vendor summaries

• interest, loan, and financing schedules

• state footprint snapshot (to support state return scope planning)

Service workflow

1) Intake and return-type confirmation

We confirm:

• entity type and elections (C-Corp, S-Corp, partnership, sole prop)

• tax year, prior-year filing posture, and any notices

• operating footprint (states, payroll, inventory, platforms)

• bookkeeping status (reconciled vs backlog)

Outcome: a clear return scope and a readiness checklist.

2) Bookkeeping readiness and cleanup (if needed)

We stabilise:

• reconciliations

• categorisation and mapping consistency

• balance sheet correctness (equity, loans, clearing accounts)

• anomalies and exceptions log

3) Year-end close and reporting pack build

We produce:

• final financial statements

• supporting schedules and workpapers

• a structured Q&A list for the preparer (so issues surface early)

4) CPA/EA preparation coordination (where required)

We:

• deliver the pack in a standardised format

• manage clarifications and additional requests

• maintain an exceptions log and resolution notes

• align deadlines, extension posture, and delivery milestones

5) Filing archive and continuity

You receive:

• a clean archive of what was prepared, filed, and paid (where applicable)

• year-end assumptions and key decisions log

• a “next year readiness” checklist to reduce cost and friction

Typical premium pricing

Pricing depends on return type, entity complexity, states, transaction volume, and cleanup needs.

• Federal return support pack (single entity, clean books): $2,500–$7,500+

• S-Corp or partnership complexity (basis/capital discipline, payroll alignment): $6,500–$15,000+

• Multi-state / multi-channel business (clean books, higher complexity): $7,500–$18,000+

• Group support (2–5 entities): $9,500–$25,000+

• Cleanup required to become tax-ready: $3,500–$45,000+

CPA/EA preparation and filing fees are not included unless agreed.

Frequently asked questions

1. Which form do I file: 1120, 1120S, 1065, or Schedule C?
   It depends on your entity type and elections. We confirm your filing posture and build the correct tax-ready package for that form.

2. Do you prepare and sign the federal return?
   Where a licensed practitioner is required, preparation and signing are handled by CPA/EA partners. We provide the reconciled books, schedules, and coordination workflow.

3. Why does my return cost increase each year?
   Usually due to messy books, unclear owner transactions, and multi-channel revenue complexity. A disciplined monthly close reduces year-end cost.

4. What is the biggest risk for S-Corps and partnerships?
   Owner/partner activity tracking and consistency. For S-Corps, payroll posture also matters. For partnerships, capital accounts and allocations can drive complexity.

5. Can you support foreign-owned businesses?
   Yes. Our workflow is designed for cross-border ownership and bank/diligence readiness with clean documentation posture.

6. What if my books are behind?
   We scope a controlled cleanup window first, then produce the tax-ready package. This is usually cheaper than rushing a return from incomplete records.

7. Do you also handle state returns?
   State returns are a separate scope, but we build the footprint and workpapers needed to support state filing planning.

8. What do you need from us to start?
   Entity details (including elections), bookkeeping access or exports, bank/merchant accounts list, payroll status, and prior-year return copies if available.

Why businesses choose Yudey

• Books-first discipline: tax work starts with reconciled financials

• Structured workpaper packs: faster CPA/EA preparation and fewer surprises

• Owner/equity clarity: clean treatment of distributions, loans, and contributions

• Multi-channel competence: platform and clearing account reconciliation handled correctly

• Cross-border readiness: documentation designed for banking and diligence

• Premium archive: clean record packs that hold up over time

Request federal return support

Send: your entity type (C-Corp/S-Corp/partnership/sole prop), tax year end date, operating states, sales channels, and whether your books are reconciled. We will confirm scope and deliver a filing-ready federal return package for your CPA/EA preparer.