What is this service?
If you work for yourself, as an independent contractor or with your own business with no registered company or a single-owner LLC, the business income and expenses are reported on Schedule C, which goes with your personal return (Form 1040).
If your net self-employment earnings are $400 or more, you also pay self-employment tax (Social Security and Medicare), figured on Schedule SE.
All business income must be reported, even if you are paid in cash, through apps, or by transfer, and even if you do not receive a 1099 form.
Who may need it?
- Independent contractors who receive Form 1099-NEC or 1099-K.
- People who work for themselves in cleaning, construction, landscaping, beauty, sales, delivery, or other trades.
- Owners of a single-owner LLC that did not elect to be taxed as a corporation.
- People who are paid in cash, through apps, or by transfer for their work.
If you are a truck driver or owner-operator, see our taxes for truckers service.
Business income and expenses
Income
- Payments reported on 1099 forms.
- Payments in cash, through apps, or by transfer, even without a 1099.
Expenses that are usually reviewed
- Materials, tools, and equipment.
- Use of your vehicle for work, with a mileage log.
- Phone and internet you use for the business.
- Insurance, licenses, and permits.
- Advertising.
- Payments to helpers or contractors.
Only ordinary and necessary business expenses that you can prove are deducted. Keep your receipts and records.
Estimated payments
Because no one withholds taxes from what you are paid, you may need to make estimated payments to the IRS during the year to cover income tax and self-employment tax. We explain whether they apply to you.
What documents may you need?
- 1099 forms received (for example, 1099-NEC, 1099-K, or 1099-MISC).
- A record of income received in cash, through apps, or by transfer.
- Business bank statements.
- Receipts for business expenses.
- Mileage log for the vehicle you use for work.
- Any estimated tax payments you made.
- W‑2s, if you also worked as an employee.
- Last year's return, if you have it.
Not every document on this list is needed for every taxpayer. After you request the service, we will send you a questionnaire and a personalized list based on your situation. Please do not send Social Security numbers, ITINs, or documents through the form on this page.
How does our service work?
- Request the service.Fill out the form on this page.
- Receive the questionnaire.We email you a questionnaire in Spanish and the list of documents.
- Send your information.Send back the questionnaire with your 1099s, your income record, and your expense receipts.
- We prepare your return.We prepare Schedule C, Schedule SE when applicable, and your personal return, and explain the result.
- Review and approval.You review and approve what we prepare before it is filed, signing Form 8879 when it is e-filed and applicable.
We prepare everything with the information and documents you give us. We do not promise refunds, credits, or results: the IRS decides them or, for state returns, the tax agency of the state involved.
Costs
Our fees
Payments to the IRS
The IRS does not charge to file a return. If there is a balance due, that payment goes directly to the IRS and is not part of our fees.
Frequently asked questions
I did not receive a 1099. Do I have to report that income?
Yes. All business income must be reported, even if you do not receive a 1099 or are paid in cash.
What is self-employment tax?
It is Social Security and Medicare tax for people who work for themselves. It applies if your net earnings are $400 or more; the rate is 15.3% (12.4% Social Security and 2.9% Medicare), figured on Schedule SE.
Which expenses can I deduct?
The ordinary and necessary expenses of your business that you can prove, such as materials, tools, use of your vehicle for work, and your business phone. We review your expenses with you.
I have an LLC. Do I also use Schedule C?
A single-owner LLC is generally reported on the owner's return, unless it elected to be taxed as a corporation. An LLC with several owners files a different form. We confirm which one applies.
Official sources
Ge Chanfon Services LLC provides document preparation and administrative assistance services. We are not a law firm and do not provide legal advice. Approval of any application is decided by the appropriate government agency.