• 👋 Welcome to your Income & Expense Ledger

    This form is designed to help you estimate your income and business expenses for tax purposes. Accurate record-keeping is not just an IRS requirement — it helps you avoid under- or over-reporting your income and allows us to maximize the tax deductions you’re legally entitled to.

    A few important notes before you begin:

    • The expenses you list must be both “ordinary and necessary” for your line of work.
      Overstating your expenses can reduce your reported income, which might lower your chances of qualifying for major purchases, like a home loan within the next two years.
    • You must be able to support all income and expenses with documentation in case of an IRS audit.
    • If you’re unsure about what qualifies as a deduction, we’ve included a helpful worksheet at the bottom of this form to guide you. 
    • If you’ve already maintained detailed records, you may skip this section. If not, please complete this ledger to the best of your ability. Additional verification may be required.

  • Business Snapshot

    Tell Us About Your Hustle.
  • Is your business registered with your state?
  • Would you like more information about Business Formation services through MV Tax Solutions?
  • How long have you owned the business?
     - -
    2 digit month, 2 digit day, 4 digit year
  • Did you operate your business all year or seasonally?
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  • INCOME

  • 1. Did you earn income through any of the following platforms? Select all that apply:
  • Did you use a dedicated business bank account?
  • 2. Did you receive cash payments for services?
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  • EXPENSES

  • 5. Which of the following expenses did you have as part of your business? Select all that apply and include estimated amounts:*
    Rows
  • If you work with clients, how do you schedule your appointments?

  • Home Office Deduction (if applicable)

  • 6. Where do you primarily run your business?

  • CONSENT & ACKNOWLEDGMENT

  • I confirm that the information submitted in this form is true and accurate to the best of my knowledge. I understand this information will be used to prepare my tax return and reconstruct income and expenses for compliance.

    I further acknowledge that in the event of an IRS audit, I am responsible for providing documentation to support the income and expenses listed. I understand that overstated or unsupported claims may lead to penalties or disqualification of deductions.

  • Date
     - -
    2 digit month, 2 digit day, 4 digit year
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  • Should be Empty: