When you work for yourself, nobody withholds your taxes and nobody tells you which expenses you can deduct. A self-employed tax preparer who understands 1099 income can save you money and keep you out of trouble with the IRS. Our Enrolled Agents and CPAs prepare returns for freelancers, contractors and small business owners nationwide.
If clients or platforms paid you, the IRS likely received a Form 1099-NEC or 1099-K with your name on it. Our 1099 tax preparation starts by matching every form the IRS has against your own records. Unreported 1099 income is one of the most common reasons people receive an IRS CP2000 notice.
We also catch the opposite problem: a 1099-K that includes personal transfers, refunds or reimbursements that aren't income. Reporting those correctly keeps you from paying tax on money you didn't earn.
Most sole proprietors and single-member LLC owners report their business on Schedule C. Our Schedule C tax preparation includes a full review of the business expenses you can legally deduct, such as:
We tell you which records to keep for each deduction, so your return holds up if the IRS asks.
Self-employed people pay self-employment tax — Social Security and Medicare — on top of income tax. That's 15.3% on most net earnings, and it surprises many new freelancers. Our freelancer tax preparation shows exactly how your tax was calculated and where you can reduce it.
You can deduct half of your self-employment tax, and many self-employed people qualify for the qualified business income (QBI) deduction. We check both on every return.
Independent contractors are generally expected to pay estimated taxes four times a year. Missing them leads to underpayment penalties, even if everything is paid in April. As part of your independent contractor tax filing, we calculate next year's quarterly payments. The usual due dates are April 15, June 15, September 15 and January 15 of the following year.
Rideshare drivers, delivery drivers and online sellers often have income from several apps, each with its own tax form. As a gig worker tax preparer, we combine them correctly, apply the right mileage method and make sure platform fees are deducted.
As your income grows, your business structure starts to matter. An S corporation election can reduce self-employment tax for some owners, but it adds payroll and filing requirements. We'll tell you honestly whether it makes sense for you. LLC & Business Tax Filing and Payroll Services.
You don't have to, but self-employed returns have more room for mistakes and missed deductions than W-2 returns. A professional review often pays for itself.
All 1099 forms, a summary of business income, receipts or a spreadsheet of expenses, mileage logs and last year's return.
You may owe an underpayment penalty, but filing on time keeps other penalties down. We'll calculate what you owe and set up estimates for next year.
Yes. Once your return is filed, we can set up an IRS payment plan.
Yes. We prepare prior-year returns and handle any balance that results.