Tax Education

Internal Revenue Service (IRS)

Form 1040 U.S. Individual Income Tax Return

Form 1040-ES Estimated Self-Employment Tax

Form 1065 U.S. Return of Partnership Income

Schedule K-1 (Form 1065) Partnership Share Income

1099-NEC Non-Employee Compensation Income

1099-MISC Miscellaneous Income (Rent Expense, Medical and Health Care Payment, Other Income, etc.)

Schedule 8812 (Form 1040), Credits for Qualifying Children and Other Dependents

Earned Income Tax Credit (EITC) Eligibility and Qualifications

Filing Deadlines

• Individual Taxes must be filed by April 15th each Tax Season.
• Partnership and Sole Proprietorship, including Single Member Limited Liability Company, must be filed by March 15th each Tax Season.

Record Retention Requirements

Tax Preparers are required to retain records that support an item of income, deduction, or credit shown on your tax return until the period of limitations for that tax return runs out, which is 3 years.

Understanding Your Tax Filing Obligations

• Individual Income Tax Filing
  • Corporate Tax Filing
    • Single Member LLC filing
    • Partnership Tax filing
    • Schedule C
• Tax Filing Process
  • Filing Federal Income Tax
  • Filing State Income Tax
  • Filing Correct or required form
• Deductions and Exemption
  • Standard Deductions
  • Tax Exemption
  • Education Credit