Allocations, basis, and K-1s that hold up when someone looks closely.
Multi-member LLCs, partnerships, real estate ventures, and professional practices with more than one owner.
01
Special allocations that follow the agreement and have substantial economic effect — not just a spreadsheet split.
02
Basis tracking
Inside and outside basis maintained annually, so loss limitations and distributions are handled correctly.
03
Structured and reported properly, with the self-employment tax consequences modeled up front.
04
Complete, on time, and consistent with every personal return that depends on it.
05
Each partner’s personal tax picture — self-employment tax, retirement plan contributions, and health benefits — planned alongside the K-1.
06
Admissions & exits
Because taxable income and cash distributions are different measures. We reconcile both so the partners understand what they are being taxed on.
It can be valuable when a partner buys in or dies, by stepping up inside basis — but it is binding going forward. We model it first.
Not as W-2 wages in most cases. Guaranteed payments are the correct mechanism, and they carry different tax treatment.
A 30-minute consultation to map your entities and your savings.
Documents exchanged through a bank-level encrypted client portal.
