Self-Employed persons do pay Taxes on their Gross income, and income that is not reported on a 1099 form; Self-Employed pay the same Tax amount of 15.3%, the same as if they worked for a Company where one
receives a W-2 at the first of every year. Self-Employed also have an Employee Identification number(EIN) to relate their Business to and their Doing Business As( DBA); let us assist you in obtaining an EIN if you do not have one.
By bringing these items to our Office, you will save time, money and frustration – all while potentially uncovering hidden deduction gems and saving you money on your tax return.
- Form(s) W-2 (wages, etc.)
- Form(s) 1099 (interest, dividends, etc.)
- Schedule(s) K-1 (income/loss from partnerships, S corporations, etc.)
- Form(s) 1098 (mortgage interest) and property tax statements
- Brokerage statements from stock, bond or other investment transactions
- Closing statements pertaining to real estate transactions
- All other supporting documents (schedules, checkbooks, etc.)
- Any tax notices received from the IRS or other taxing authorities
- Prior Year’s Tax Return if prepared by different firm.
- Value of donated items
- Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced tax professional.
- Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government’s General Accounting Office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer
Tax Nugget:
Late payment charge on mortgage payment. You can deduct as home mortgage interest a late payment charge if it was not for a specific service performed in connection with your mortgage loan.

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