Individual Tax Preparation – Personal Tax Preparation Tips for Wage Earners & Freelancers

Individual Tax Preparation – Personal Tax Preparation Tips for Wage Earners & Freelancers

When it comes to individual/personal tax preparation, as a wage earner or self-employed freelancer, it’s vital that you get your taxes in order and understand how to go about preparing your taxes for the year. There is a lot to be said for the life of a self-employed freelancer. You get the freedom of being your own boss, so you decide when and where you work. You take on the jobs that you want, rather than have somebody tell you what to do, and of course, you get to save on expenses like travel and travelling to various job sites every day. However, like most things in life, working as a self-employed freelancer does have its drawbacks. One such drawback is the fact that you must focus on individual/personal tax preparation and handle your own taxes, receiving 1099’s, filing Schedule C with your 1040. If you’re new to the world of freelancing and are just finding your feet, individual/personal tax preparation for wage earner or self-employed can be daunting. Never fear however, because we’re here to look at a series of individual/personal tax preparation tips for self-employed freelancers.

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Hire a tax professional – Right off the bat, we’re giving you the most important piece of advice you could wish for. As a self-employed freelancer, you may think that you’re saving money by doing your taxes yourselves, but trust us, you aren’t. When you try to handle your individual 1040 tax preparation yourself, you run the risk of making mistakes, or submitting late, which means that you will incur penalties and fines. As a self-employed 1099 freelancer, there is also a plethora of deductions you can offset against your earnings, yet you will almost certainly be missing out because you won’t know where to begin. Hiring our tax professionals means that you get somebody to basically do all of the hard work for you. They get your figures in order, they give you advice, they help you avoid fines and penalties, plus they help save you money by helping you with your deductions. There are plenty of tax services out there that can help you, so be sure to hire the right 1040 personal tax professional as soon as you begin your 1099 self-employed freelance venture.

Know the basics – When it comes to individual/personal 1040 tax preparation, you don’t need to become a professional accountant when handling your books, but it is strongly recommended that you at least know and understand the basics. Again, this is where it pays to hire our professional tax services as we offer you all the advice you will ever need. As a wage earner W2, self-employed freelancer 1099 it is vital that your 1040 taxes are correct, to the best of your knowledge, so as to avoid hefty fees and penalties. One of the most important things you need to know is how much you should be paying. Again, our pro tax experts will tell you everything you need to know about your 1040 tax return and other schedules like Schedule A, Schedule C, etc..

Ensure your tax expert knows how you do business – Whether you’re a self-employed freelance copywriter, or a freelance artist, when you speak to our professional tax service for the first time, make sure we know how you do business. Sit down and explain what a typical working day for you is like, from the moment you begin work, to the moment you finish for the day. Individual/personal 1040 tax preparation will be a heck of a lot easier if your tax expert knows how you conduct business. Let them know what you purchase, where you work, which expenses you have, how much you charge, which services you provide, and more besides. The more they know about how you conduct business, the easier the 1040 personal tax return process becomes.

Get a Free 10 Minutes Evaluation by Calling Us at 1-877-788-2937

Mike Habib is an IRS licensed Enrolled Agent who owns and operates a specialized Individual/Personal wage earner W2, self-employed 1099 tax preparation help for 1040 tax returns in various metro areas such as Los Angeles, Whittier, Pasadena, Glendale, Burbank, Orange County, Riverside, Palm Springs, San Bernardino, Palmdale, Bakersfield, New York, New Jersey, Chicago, Houston, Phoenix, Philadelphia, San Antonio, San Diego, Dallas, San Jose, Detroit, Jacksonville, Indianapolis, San Francisco, Columbus, Austin, Memphis, Fort Worth, Baltimore, Charlotte, El Paso, Boston, Seattle, Washington DC, Milwaukee, Denver, Louisville, Jefferson, Las Vegas, Reno, Hempstead, Tucson, Nashville, Davidson, Portland, Tucson, Albuquerque, Santa Fe, Anchorage, Atlanta, Long Beach, Fresno, Sacramento, Mesa, Kansas City, Cleveland, Virginia Beach, Omaha, Miami, Oakland, Tulsa, Honolulu, Minneapolis, Pittsburgh, Colorado Springs, Arlington, Wichita, Birmingham, Montgomery, Tampa, Orlando.

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Individual/Personal wage earner W2, self-employed 1099 tax preparation help for 1040 tax returns throughout Southern California including Whittier, Norwalk, Santa Fe Springs, Downey, Pico Rivera, Montebello, Hacienda Heights, La Habra Heights, West Covina, La Habra, Brea, Fullerton, Yorba Linda, Cerritos, La Mirada, Lakewood, Anaheim, Santa Ana, Long Beach, Compton, Torrance, Los Angeles, Pasadena, Beverly Hills, Santa Monica and throughout Los Angeles County, Newport Beach, Irvine, Orange County, Corona, San Bernardino County, Riverside County, the Inland Empire, the San Fernando Valley, Ventura county, and the San Gabriel Valley.

Client Reviews
★★★★★
Mike has given us peace of mind! He helped negotiate down a large balance and get us on a payment plan that we can afford with no worries! The stress of dealing with the IRS is huge and Mike helped us through it all. The peace of mind is invaluable, thank you Mike! April S.
★★★★★
Mike Habib - Thank you for being so professional and honest and taking care of my brothers IRS situation. We are so relieved it is over and the offer in compromise process went just as you said. Mike is very professional and will give you honest answers to the OIC process and you can really trust him. You won't be sorry you chose him! Joe and Deborah V.
★★★★★
Mike is a true professional. He really came thru for me and my business. Dealing with the IRS is very scary. I'm a small business person who works hard and Mike helped me see that they are not that scary after all. He was always there with the answers I needed and was very good about calling me back which I appreciated since your first reaction is to freak out and ask a million questions. He solved a messy case and worked very hard to resolve it. His rates are VERY reasonable for the amount of work he does! I give him my highest recommendation! Marcie R.
★★★★★
Mike was incredibly responsive to my IRS issues. Once I decided to go with him (after interviewing numerous other tax professionals), he got on the phone with the IRS immediately (as in the same day I signed with him) to squash an impending issue. And he worked directly with them to quickly come to a resolution I am very happy with. I'd highly recommend reaching out to Mike to see if he can help you with any IRS issues. I'm very satisfied! Marshall W.
★★★★★
I’ve seen and heard plenty of commercials on TV and radio for businesses offering tax help. I did my research on many of them only to discover numerous complaints and unresolved tax issues. I found Mike Habib through my own online search and contacted him. He was very professional with great communication, always answering my questions and concerns. Mike resolved my complicated tax problem just as he said he would. I would definitely recommend his services to family and friends. Nancy & Sal V.
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