Get Prepared for 2020 Taxes, with Kirstin Smith, Enrolled Agent [Ep 27]
Manage episode 312876227 series 3249302
It’s that time of year, folks: Time to start gathering and organizing your records for taxes!
We sat down with Kirstin Smith, Enrolled Agent and our go-to resource for all things business taxes, to walk us through how to get yourself organized for a successful tax filing. This is a MUST listen if you are a freelancer in the U.S., especially because we cover unique Covid-related tax implications like how to handle a PPP Loan and stimulus checks.
But wait, there's more! We also include a checklist and Summary Sheet for you to fill out and turn into your tax preparer (if you’re using one)! Head to our website to snag it: https://www.kenzacollective.com/blog/how-freelancers-can-get-prepared-for-2020-taxes
We covered the following topics:
- A checklist of time-sensitive to-dos that you don’t want to put off
- How to gather & organize all of your expenses and deductions
- Lesser-known deductions that you should be sure to include in your Summary
- 2020-specific topics like how to handle a PPP Loan and your stimulus check (for example, did you know that the stimulus check you received in January 2021 goes on your 2020 return?!)
- Important deadlines for business entities
...and lots of other super helpful advice!
Be sure to snag your FREE checklist and Summary Sheet to help you get organized!
https://www.kenzacollective.com/blog/how-freelancers-can-get-prepared-for-2020-taxes
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