Congratulations, you've earned a Schedule C on this year's return if you have earned income for yourself as a Contractor, registered business with the IRS, or a person with hobbies that have paid over $600.
When you've earned income outside of your job, that income is added to a Schedule C (Compensation) form. This can include driving for Lift, Uber, InstaCart, etc.
ADD MY SCHEDULE CWe dive further in our intake process to uncover every Deduction, Itemization, Credit, or Exemption that may be applicable for your situation.
Take a moment and gather the documents needed in the Checklist below for your Discovery Tax Intake Interview.
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Business Name if different than what is listed on your 1040
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Ownership Acquisition Date and Distribution details
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Owner #1 Name, Social Security number, D.O.B, Email, and Ownership percentage
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Owner #2 Name, Social Security number, D.O.B, Email, and Ownership percentage
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Owner #3 Name, Social Security number, D.O.B, Email, and Ownership percentage
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IRS issued Tax ID letter
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Secretary of State letter for LLC, Inc, and DBAs.
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City license or Resale Certificate
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Business checking account/current statement
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Previous year completed Tax return
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Hobby/Gig Work income
☐1099-NEC
and/or 1099-MISC
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Merchant Account 1099-K - Including PayPal, Cash App, Venmo, etc.
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Reconstructed Income Document
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Profit & Loss Affidavit
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Balance Sheet
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Journal Entries
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Schedule K-1 records to verify amounts not reported on 1099-MISC/NEC
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Sale of any Business Assets
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Business Expense Intake
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Check
Register and/or Merchant statements
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Business
Meals
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Log of Cancelled checks, Credit card statements, Register Receipts, etc.)
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Record of estimated tax payments made (Form 1040–ES)
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Travel
- Airfare, Taxis, Hotel, AirBnB, etc
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Advertising
- Digital, Traditional, Promotional, etc.
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Professional
– Accounting, Legal, Insurance, Permits, Licenses, etc
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Bank
fees and interest
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Rent
– Office, Storage, Warehouse, Storage
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Office
supplies and products
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Mileage logs and other vehicle expenses
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Business-use asset information (cost, date placed in service, etc.) for depreciation
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Home office square footage and/or Offsite Office square footage
Pricing is set by form and is reflective of us working around the clock to make sure that you are in compliance each and every quarter.
If you or your last tax person made a mistake, we will clean it up.
Just upload the files to the Client Portal and tell us what happened. The more information, the better!
If a new problem does arise, you can feel confident knowing your Audit Team is ready to handle your communication with the IRS while you just wait for results.
*Covers up to $2500 in damages for only $75/per return.
As a PTIN holder, electronically filing is an IRS requirement unless you have a legitimate reason to paper file. Standard fees will include:
If you elect to pay for your service from your refund, you will be charged from our partner bank. You can eliminate the bank charge by paying your fees upfront, forgoing any 3rd party bank fee.
When you need accurate income tax preparation, you have to trust Chanell with Green Gems Tax Advisors with your financials. I know my whole family is covered because they ask more questions than any other office that i've been to. Five Stars!
