Tax Prep | MillerFinance

Organize annual tax data, flag deductible expenses, and review entity structure. Always confirm with your CPA before filing.

Educational planning only. Confirm all deductions, limits, and strategies with a licensed CPA or Enrolled Agent before filing or restructuring a business.

Deductible Expense Signals

✓Home office (exclusive regular use, principal place of business)
✓Vehicle mileage or actual expenses (business use percentage)
✓Business travel (airfare, lodging, 50% of meals)
✓Professional fees (legal, accounting, consulting)
✓Software and SaaS subscriptions
✓Business insurance premiums
✓Continuing education and professional development
✓Phone and internet (business-use percentage)
✓Health insurance premiums (self-employed)
✓Retirement contributions (SEP-IRA, Solo 401k, SIMPLE)

Business Structure Review

Sole proprietorship — simplest, all income on Schedule C; self-employment tax on net profit
Single-member LLC — pass-through by default; can elect S-Corp taxation
S Corporation — salary + distribution split; can reduce self-employment tax
C Corporation — flat 21% rate; potential double taxation on dividends
Partnership / multi-member LLC — K-1 pass-through; QBI deduction may apply

Charitable Donations

Individuals

Most cash charitable deductions are limited to a percentage of AGI (commonly 60%) and generally require itemizing on Schedule A. Non-cash donations require qualified appraisals above $5,000.

Corporations

Corporate charitable contribution limits require entity-specific review; excess contributions may be carried forward up to 5 years subject to current IRS rules.

Required Records

→Verify qualified 501(c)(3) organization status
→Document date and amount of each contribution
→Obtain written acknowledgment for gifts ≥$250
→Retain noncash valuation support (FMV evidence)

Income Documents

Upload W-2s, 1099-NEC, 1099-INT, 1099-DIV, 1099-B, and K-1 forms on the Statements page. Tax summary will be generated here once documents are imported.