If you have earned over $400 in income from a hobby, a person you bartered work from, or a business you've just registered - congratulations, you've earned a Schedule C on this year's return.
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
☐ Offsite Office square footage
We accept nearly all forms of payment to process your Paper or Electronic tax filing including:
*You can now pay for your Tax Filing through your Tax Refund*
We've negotiated with our banking partners to allow you to keep your hard earned money in your pocket while paying for your total fees from your Income Tax Refund.
If you elect to pay for your service from your refund, the following items are automatically added to your invoice in addition to our preparation fees.
When you need accurate income tax preparation, you have to trust TAXPRONAME with DaBizzName 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!