New for TY2024 ** Introducing Tax Return Support with Protection Plus
We are thrilled to announce that we have teamed up with Protection Plus to offer $1 Million Tax Audit Defense™ to our individual 1040 clients and business return clients. When you file with us, you’ll receive expert tax advice as well as a team of tax resolution experts to guide you if you receive a tax notice or audit. Our goal, as always, is to give you peace of mind during tax season. Additionally, Privacy Advocates are available to provide support and assistance in the event of an identity theft incident, whether related to taxes or not.
Personal Taxes
Common Income
- Employment Income
- W2
- 1099-NEC
- Investment Income
- 1099-INT (interest)
- 1099-DIV (dividends)
- 1099-B (combination; stock sales)
- 1065-K1 (partnership share)
- Retirement Income
- 1099-R (IRA, 401k, etc)
- 1099-SSA (social security
- Other Income
- W2-G (gambling wins)
- 1099-G (unemployment)
Common Credits & Deductions
- Forms to Look For
- 5498 (contribution to an IRA)
- 1099-HSA (health savings account)
- 1098 (home mortgage + real estate taxes)
- 1098-E (student loan interest)
- 1098-T (tuition paid)
- Keep Receipts
- educator expenses
- childcare expenses
- post-high school education expenses
Common Complexity
- Dependents
- child tax credit
- head of household
- caring for parents or grandparents
- Income-based
- switching jobs one or more times
- earned income tax credit
- Moving
- selling a house
- moving between states
- Family Reorganization
- marriage
- registered domestic partner
- separation or divorce
- Health Insurance
- marketplace insurance plan
- periods with no insurance
Personal taxes can be as complex as, or more than, a small business. You may not know which documents are important or which receipts to keep. The questions we ask can feel a little too personal, though I promise that we aren’t being nosy. Personal taxes feel very personal. Sometimes it can be so overwhelming that you may not file at all. It happens. It doesn’t make you a bad person. Maybe you tried to file on your own or used a software that only made a mess. It’s not easy to ask for help a lot of the time. We understand.
We are here to help, not judge.
Preparation Rate
starting at $155 for federal and one state; final cost depends on overall complexity of the return
Freelancer & Gig Worker Taxes
Common Income
- Freelancer/Independent Contractor Income
- 1099-NEC reported
- ACH
- Zelle
- checks
- PayPal
- Venmo
- Credit Card
- 1099-NEC reported
- Gig Worker Income
- Uber
- Lyft
- Doordash
- Instacart
- Grubhub
Common Credits & Deductions
- Expenses with receipts
- office supplies
- travel
- legal and professional services
- general supplies
- Expenses to track with logs
- mileage driven with personal car
- supplies bought for personal and business use
- Expenses to keep general track of
- time use of personal phone for business
- time use of personal internet for business
- space use in personal home
Common Complexity
- Working for more than one gig platform, sometimes at the same time
- do expenses need to be split?
- tracking miles may work differently on each app
- Which expenses can I deduct?
- as a performer (SFW or NSFW), can I deduct the cost of personal care and grooming?
- as a graphic designer, can I deduct an online course?
- Missing quarterly estimated tax payments
- not knowing to pay them at all
- not knowing how much to pay
- not knowing when to pay them
As a freelancer or gig worker, we’re talking about someone who is a sole proprietor whether you intentionally started a business or you didn’t realize you had one (which is overwhelmingly the case with gig work apps). This is the most basic form of a business and doesn’t require any paperwork if you just go by your name. The casual nature of being a sole proprietor can hide the tricky financial aspects until it’s tax time. You might feel silly for not knowing or embarrassed to look so disorganized, but we don’t know what we don’t know.
We provide a supportive environment to get you up to speed and on solid ground.
Preparation Rate
starting at $310 for federal and one state; final cost depends on overall complexity of the return
LLC, Partnership & S-Corp Taxes
Common Income
- 1099-NEC reported (not for S-corps)
- ACH
- Zelle
- checks
- Invoices to clients
- credit cards
- Stripe
- Square
- PayPal
- Zelle
- credit cards
- E-commerce sites
- Shopify
- Etsy
- Amazon
Common Credits & Deductions
- Expenses with receipts
- office supplies
- travel
- general supplies
- raw materials to create inventory
- office/retail space and utilities
- Expenses to track with logs
- mileage driven with personal car
- supplies bought for personal and business use
- Expenses to keep general track of
- use of personal phone/internet for business
- home office space and spending
- Employment
- employees wages and benefits
- independent contractor/freelancer payments
Common Complexity
- Missing quarterly estimated tax payments
- not knowing to pay them at all
- not knowing how much to pay
- not knowing when to pay them
- Tax forms for employees and contractors
- W2 filing
- 1099-NEC forms
- Systems that don’t work for you
- missing W9 forms from contractors
- growing income without good tracking
- Additional tax returns required
- state LLC return (even if a solo LLC)
- partnership return with K1s
- S-corp return with K1s
- Different deadlines for different tax filings
- employment forms > 31-jan
- entity returns > 15-mar
- personal returns > 15-apr
Creating an LLC is often the first step into the world of business entities that business owners take. Since the IRS does not officially recognize LLCs, that can make things even more confusing when tax time comes. Your business is growing, but that seems to make everything harder. You don’t need to deal with it alone! A business with multiple owners definitely multiplies the paperwork, but again, you don’t need to panic. Remember that you are the expert in what you do, and people pay you for it. They’re not doing it all and neither should you. If taxes are something that makes you want to pretend you don’t even know how to use a computer, you’re not alone.
We support you and your business needs.
Preparation Rate
starting at $625 for a solo LLC needing a state LLC return; final cost depends on which business entity you have, how many owners there are, and the overall complexity of the return