Precision Income Tax Service

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    • Individual Taxes
    • Business Returns
    • Contact
    • FAQ

Precision Income Tax Service

Precision Income Tax ServicePrecision Income Tax ServicePrecision Income Tax Service
  • Home
  • Individual Taxes
  • Business Returns
  • Contact
  • FAQ

Business Returns: What we need to get started

Sole Proprietorship

The documents you need to complete a business tax return vary depending on business type and specifics of your business. To help give you an idea of what you'll need to bring take a look at the list below.

Income Items

  • Gross receipts from sales
  • Gross receipts from services
  • Returns and allowances
  • Business interest (1099-INT)
  • Other income including rental income

Costs of Good Sold

  • Beginning inventory total dollar amount
  • Inventory purchases
  • Ending Inventory total dollar amount
  • Materials and supplies
  • Advertising 
  • Phone costs (landline fax or cell phones related to business)
  • Computer & internet expenses
  • Transportation and travel expenses
  • Commission and fees
  • Insurances
  • Interest (mortgage etc.)
  • Professional fees (tax prep, lawyer and accounts)
  • Office Supplies
  • Rent Expense
  • Office-in-home
  • Other expenses (health insurance)
  • Charitable contributions

Small S-Corps

Our office services S-corps with 3 owners or less. To discuss further please contact our office.

Common Forms

  • See common income and expenses above.
  • Form 1120S
  • Form 2553

Small C-Corps

Our office services C-corps with 3 owners or less. To discuss further please contact our office.

Common Forms

  • See common income and expenses above.
  • Form 1120
  • Form 8832

Contact Us

Drop us a line!

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Precision Income Tax Service

717-236-8356

Hours

Open today

09:00 am – 05:00 pm

Precision Income Tax Service

717-236-8356 Or darntaxes@protonmail.com

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