Haven Neighborhood Services Vita: Tax Preparation for Business Owners

IN-PERSON EVENT

Attention business owners!

Haven Services is excited to have the opportunity to host a tax filing workshop for sole proprietorships at the Temecula ERC in partnership with AmPac Business Capital’s Entrepreneur Ecosystem on Friday from 10am-4pm. This event is catered for sole proprietorships generating under $64K in revenue.

About the Vita Grant Program:

The VITA grant program, an IRS initiative, aids underserved communities by offering free tax preparationservices. It supports low- to moderate-income individuals, persons with disabilities, the elderly, and limited English speakers in filing their taxes annually. If your business generated $64k or below last year, you qualify! Through Haven Neighborhood Services' VITA program, the LMI community can file accurate and timely tax returns at no cost, delivered in a culturally responsive and linguistically sensitive manner.

Join us to prepare your taxes alongside experts at no cost to you!

Two Dates Available:

Friday, April 12, 2024:

Book your timeslot here:

Friday, April 19, 2024:

Book your timeslot here:

Eligibility & Overview

DOCUMENTS NEEDED

● For married filing joint, both spouses MUST be present

● Government issued photo identification for you and your spouse (if married) (can’t be expired)

● Original Social Security Cards or Individual Taxpayer Identification Number (ITIN) / cards for yourself, your spouse, and dependents.

● Birth dates for you, spouse, and/or dependents

● A copy of last year's tax return (optional)

● All forms W-2 and 1099, Information for other income

● Health Insurance Statements: Forms 1095-A, B or C (ACA Statements)

● Information for all deductions (including charitable contributions)/credits

● Total paid to daycare provider and their tax ID number

● For direct deposit of refund, proof of account and bank’s routing number

● For prior year returns, copies of income transcripts from IRS (and state, if applicable)

● Applies only if you’re filing for 2021 Tax Year:

● Notice 1444-C, Your 2021 Economic Impact Payment (Stimulus, if applicable)

● Letter 6419 (en-sp) - 2021 Advance Child Tax Credit Payments (if applicable)

ELIGIBLE FILINGS

· Wages, salaries, etc. (Form W-2)

· Interest Income (Form 1099-INT)

· Dividends Received (Form 1099-DIV)

· State Tax Refund (Form 1099-G)

· Unemployment Benefits (Form 1099-G)

· IRA Distributions (Form 1099-R)

· Pension Income (Forms 1099-R, RRB-1099-R, CSA-1099)

· Social Security Benefits (Form SSA-1099, RRB-1099)

· Simple Capital Gain/Loss (Form 1099-B) limited

· Sale of Home (Form 1099-S) limited

· Prior Year and Amended Returns

· Self-Employed Income (Form 1099-MISC, Form 1099-NEC, and Form 1099-K) limited

· Gambling Winnings (Form W-2G)

· Cancellation of Debt (Form 1099-C) limited

· Health Savings Account (Form 1099-SA) limited

· Itemized Deductions limited

· Education Credits (Form 1098-T)

· Children Tax Credit

· Earned Income Credit

· Premium Tax Credit (Form 1095-A)

· Form W-7 (application for Individual Taxpayer Identification Number (ITIN))

INELIGIBLE FILINGS

● Schedule C with net loss, depreciation, or business use of home

● Complex Schedule D, Capital Gains and Losses

● Form SS-5 (request for Social Security Number)

● Form 8606 (non-deductible IRA)

● Forms 8615, 8814 (children's unearned income)

● Form SS-8 (determination of worker status for purposes of federal employment taxes and income tax withholding)

● Parts 4 & 5 of Form 8962 (Allocation of Policy Amounts, Alternative Calculation for Year of Marriage)

● Returns with casualty/disaster losses

Host or Publisher Entrepreneurial Resource Centers