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WELCOME
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Welcome to my website! I specialize in providing exceptional tax services for individuals and sole proprietors with Single Member Limited Liability Companies (LLC). At Taxes by KPR, I understand the complexities of the tax system and the unique needs of individuals and small business owners. Whether you are a freelancer, independent contractor, consultant, or running your own business, I am here to help you navigate the intricacies of tax preparation.
Services
Tax services for individual returns and sole proprietorships offering assistance in preparing and filing tax returns for individuals and small business owners operating as sole proprietors.
INDIVIDUAL TAX RETURNS
When filing taxes, there are several documents that you may need to gather. These documents may vary based on your personal financial situation, but here are some common documents required:
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- Social Security number or Individual Taxpayer Identification Number (ITIN)
- W-2 forms from all employers
- 1099 forms for independent contractor income
- 1099-INT forms for interest/investment income
- 1099-DIV forms for dividend income
- 1099-R forms for retirement income
- Income records from rental properties or self-employment
- Proof of alimony received/paid - Records of any gambling winnings or losses
- Form 1098 for mortgage interest and property tax payments
- Medical and dental expenses receipts - Receipts for charitable donations
- Records of any state and local taxes paid - Education-related expenses (1098-T/Tuition Statements)
- Documentation for any home energy-saving improvements
- Records of business-related expenses for self-employed individuals
- Records of personal and dependency exemptions
- Bank account information for direct deposit of refund (if applicable)
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SMALL BUSINESS TAX RETURNS
If you are a sole proprietor or operate a single-member LLC, your business income and expenses are reported on Schedule C. The net profit or loss from your business is then transferred to your personal tax return (Form 1040) and added to your other sources of income.
Some common documents required:
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- Social Security number or Employer Identification Number (EIN) - Income and expense records for the business
- Any 1099 forms received for income earned
- Documentation of business expenses, such as receipts, invoices, and bank statements
- Records of any business assets bought or sold during the tax year
- Health insurance information for self-employed individuals
- Estimated tax payments, if applicable
- State and local tax forms, if required
- Any other relevant financial records for the business