Business Tax Services in Illinois
Professional business tax preparation, planning, and advisory services for S-Corps, LLCs, partnerships, and corporations across Illinois. Expert guidance from an IRS Enrolled Agent.
What We Offer
Our Services
S-Corporation Returns (1120-S)
Complete S-Corp tax preparation including shareholder K-1s, reasonable compensation analysis, and distribution planning.
LLC & Partnership Returns (1065)
Multi-member LLC and partnership returns with partner K-1 preparation and allocation schedules.
C-Corporation Returns (1120)
Full C-Corp tax preparation, estimated tax planning, and corporate tax strategy.
Entity Structure Optimization
Analysis of your current entity type and recommendations for tax-optimal restructuring (LLC to S-Corp, etc.).
Quarterly Estimated Taxes
Calculation and tracking of quarterly estimated tax payments to avoid underpayment penalties.
Business Tax Planning
Proactive strategies to minimize business tax liability including retirement plans, vehicle deductions, and more.
Multi-State Filing
Business returns for companies operating in multiple states with proper nexus analysis and apportionment.
Year-End Tax Strategy
Q4 planning sessions to accelerate deductions, defer income, and optimize your tax position before year-end.
New Business Tax Setup
EIN applications, accounting method selection, initial tax elections, and first-year compliance setup.
Trusted Expertise
Why Choose Federal Direct
Jerald D'Souza is an IRS Enrolled Agent — a federally-licensed tax practitioner authorized to represent taxpayers before the IRS.
Business Tax Expertise for Every Entity Type
Business taxes are where good advice pays for itself. The way your company is structured, how you pay yourself, when you buy equipment, and how you handle multi-state activity all affect what you owe — and the right decisions can save you significant money. Federal Direct provides business tax preparation, planning, and advisory services for S-Corps, LLCs, partnerships, and C-Corporations across Illinois, led by an IRS Enrolled Agent with deep business tax expertise.
We don't just file your return once a year and disappear. We work with business owners year-round — reviewing your entity structure, planning quarterly estimated payments, timing deductions, and looking ahead to year-end strategy — so your tax position keeps improving instead of catching you by surprise.
Frequently Asked Questions
Should my business be an LLC or an S-Corp?
It depends on your income, your industry, and how you pay yourself. We analyze your current structure and recommend whether restructuring — for example, from an LLC to an S-Corp — would lower your taxes. There's no single right answer for every business, which is why we look at your specific numbers.
What returns do you prepare for businesses?
We prepare S-Corporation returns (1120-S) with shareholder K-1s, multi-member LLC and partnership returns (1065), and C-Corporation returns (1120), along with the related planning for each.
How do quarterly estimated taxes work, and can you handle them?
Businesses generally need to pay tax throughout the year rather than all at once. We calculate and track your quarterly estimated payments so you avoid underpayment penalties and cash-flow surprises.
Do you handle businesses that operate in more than one state?
Yes. We prepare multi-state business returns with proper nexus analysis and apportionment between states.
I'm starting a new business. What do I need to set up for taxes?
We handle EIN applications, accounting method selection, initial tax elections, and first-year compliance setup — so your new business is on the right footing from day one.