Free Tax Preparation

Special Requirements for Self-Employed Taxpayers

We MAY be able to prepare your 2022 tax return if you meet the following IRS VITA program requirements:

  • Have gross receipts summarized
  • Business expenses totaled and less than $35,000
  • Car expenses including total miles driven, miles used for business, miles commuting and miles used for personal use.  Vehicle expenses such as gas, oil, maintenance, etc., cannot be used to report car expenses.  Car rental or lease cannot be for more than 30 days.
  • Used the “cash” method of accounting
  • Did NOT have an inventory at any time during the year
  • Did NOT have a net loss from your business
  • Had only one (1) business as a sole proprietor, qualified joint venture or statutory employee
  • Did not require any credit card or similar payments that included amounts that are not includable income
  • Are not required to file Form 4562, Depreciation and Amortization, for this business
  • Had no employees during the year
  • Do NOT deduct expenses for business use of your home
  • Do NOT have prior year un-allowed passive activity losses from this business
  • DO NOT have transactions involving virtual currency (bitcoins)
  • Income IS NOT from a hobby or not for profit activity, bartering or professional gambling

If you do not meet these requirements, you will need to have your 2022 tax return prepared by a paid preparer.