• Business Deductions Form

    Use this form to organize your business deductions. If you come to this form with all of your materials prepared, please anticipate at least 20 minutes to complete it. The form is unencrypted so that you will be able to save it to continue later. If you feel uncomfortable uploading anything here, please use Intuit Link for uploads. Should you have questions while filling this out, feel free to email me at makinidoestaxes@thefabulistsagenda.com or text me at 215-868-7690
  • If You Have More Than One Business

    PLEASE NOTE: if you have more than one business, you should complete a separate form PER business. If you are Married Filing Jointly with one or more Qualified Joint Ventures, you should complete a separate form PER business PER spouse. For example: you have an advertising firm that you operate as a sole proprietorship in your name, AND you have a theater company that you operate as a single-member LLC under a separate name and EIN; OR you have a grant-writing consultation firm that you operate as a sole proprietorship in your name, AND you are a sculptor who organizes your business as a sole proprietorship also in your own name)
  • Have I (or has another tax preparer at Philly Tax Prep for Artists) filed your taxes in a previous year?*
    • BUSINESS STRUCTURE 
    • Is the above business classified as a:*
    • Other Business Types

      If your business is a Partnership or Multi-Member LLC (1065 filing), S Corporation (1120-S filing), C Corporation (1120 filing), Joint Venture (for married couples), or Non-Profit Entity (990 series filing), please use the form found at https://thefabulistsagenda.com/bizclients . You do not need to submit this form. For any other business type, please submit below and await a response from me via email so that we can figure out whether I can get you the tax help you need, or will need to refer you to someone who can. If you have additional information to include here, please do so below, and then submit this form. I will be in touch shortly
    • Is the above selected year your first year of business?*
    • Please check all that apply (feel free to email me at makinidoestaxes@thefabulistsagenda.com if you have questions):*
    • MONEY MANAGEMENT 
    • Do you use money management software to track your business expenses? (i.e. Wave, Expensify, Simplifi, Quickbooks, business bank affiliated software)*
    • Does your money management software allow you to add an accountant (if you use Quickbooks, the answer is "yes") or tax preparer to your account to share your financial information with them?*
    • Would you like to add me as an accountant (or the equivalent) on your money management software?*
    • DISABLED ACCESS CREDIT 
    • With your money management, do you specifically categorize which expenses are related to expenses that create access for people with disabilities?*
    • BUSINESS EXPENSE CATEGORIES 
    • List total amounts paid for each of the following. If any of the totals below are estimates, please note this next to the estimated amount; for ex. "$2300 (estimate)". All amounts should include ONLY totals from the tax year indicated above. DO NOT include in the list below any purchases for business property (real estate, furniture, technological materials, renovation costs, etc.) that cost $500 or more. You will include that in a later section.
    • If you already have information on the categories below documented and organized onto a separate spreadsheet:*
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    • BUSINESS TRAVEL 
    • Personal Per Diems

      Typically, it is more advantageous to claim a deduction for travel meals based on federally established time-based rate allowances, versus ACTUAL travel meal expenses. Traveling for business should include: (1) trips in which you were contracted for non-W2 work in which you received some amount of per diem or meal reimbursement; (2) trips in which you were contracted for non-W2 work in which you received no per diem or meal reimbursement; (3) self-funded business trips you made for research, professional development, networking, etc. in which you received no per diem (if you paid yourself a per diem, this legally still amounts to you NOT having received per diem for the trip). If you opt to forego the per diem allowance, you can include the ACTUAL costs that you paid for meals during your business travel. You can find the federal per diem allowance rates for domestic travel at https://www.gsa.gov/travel/plan-book/per-diem-rates and for international travel at https://aoprals.state.gov/web920/per_diem.asp
    • Have you already included your business travel ACTUAL meal totals (for personal meals) in the information that you shared with me via your money management app or your uploaded spreadsheet?*
    • Please select below:*
    • Do you have documentation to support the above totals? (for example: calendar entries, receipts, conference/festival emails, etc)*
    • BUSINESS USE OF HOME 
    • Does your money management software organize expenses for the business use of your home according to tax reporting needs?*
    • Please select from the following:*
    • Do you own or rent your previously filed home office?*
    • Do you own or rent your the home office we are filing now for the first time?*
    • Do you own or rent your home office?*
    • VEHICLE(S) USED FOR BUSINESS 
    • Does your money management software organize expenses for the business use of your vehicle(s) according to tax reporting needs?*
    • Please select from the following:*
    • Vehicle(s) Currently On File

    • New Vehicle(s) to File

    • To file this business vehicle's deductions, you would like to:*
    • REAL ESTATE 
    • Do you use your money management software to record purchase and depreciation information for business real estate and renovations related to that real estate?*
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    • LARGE PURCHASES 
    • Did you use your money management software to track depreciation on any large business purchases (over $500 — furniture, computers, high-end software, equipment, etc.)?*
    • CONTRACT LABOR 
    • Did you send a 1099 form to the contractor(s) you paid $600 or more?*
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    • EMPLOYEES 
    • Is all of your payroll information tracked in your money management software?*
    • Have you issued your employee(s) W-2 forms?*
    • Select any of the following that are true:*
    • ANYTHING ELSE 
    • Should be Empty: