H&R Block for 1099. Lease operator.

You can do the same thing yourself with the forms downloaded off the IRS website for free & save yourself that $400+. That's really all they are doing, anyway...plugging in the numbers you give them into the proper spaces on the forms....and then taking your money.

 

You will have problems if you are audited.

Interest on cars not allowed since 1986.
Primary office?

They will represent you and cover any penalties, but you will be responsible for the tax.

 

That 20% for an office is not going to stand up, either. Unless, that office space takes up 20% of your home AND is dedicated as an office, with no other use allowed. No storage for Grandma's antiques, no kids playroom, etc. This is why few O/Os deduct for home office.

 

ATBS has not done me wrong once.

 

I've read plenty complaints about them, but, have no personal experience. I don't believe in letting someone else do the books, because they end up knowing your numbers, but you don't. I don't have a problem with hiring someone, with experience on O/O taxes, filing your income taxes, but it only takes a few minutes a week to do your own books.

 

I'll be honest with you autocar, I don't know much about taxes for business. I'm taking a course to teach me about the specifics. I don't feel comfortable yet doing them myself on the business aspect.

 

I am not saying that you should do your own taxes, if you are not comfortable with doing them. I am saying that you should do your own bookkeeping, though. It is not that hard to do, especially with all the different software available, these days.
I started out with a simple Dome Bookkeeping book, from an office supply place and did it manually for years, as none of this software, or personal computers, existed back then. Then, I turned those records over to my CPA, at the end of the year, to do my taxes.
If you are a Sole Proprietor, even the simple Quicken, I prefer Quicken Home and Business, will work for keepiing your books up. No need for Quickbooks, as that is geared more towards bigger businesses, Corporations and such.

BTW, I congratulate you on learning about it. That is more than most do.

 

Bookkeeping is where I have been falling short on. I have to check out that software because doing it by hand is a pain! Thank you for the recommendations I'll look at them now since I'm on hometime.

 

The "Office" truly has to be an office. You then need to take the total sqft of the house and the Office. You then divide the Office sqft by house total sqft to get a %. Only this % is allowed from utilities and house payments.

I do work out of my house and I work with 8% for Office.

If you are audited, I hope H&R backs up what they took off.