FlyFin Launches Free Tax Form Wizard to Bring Simplicity to Self-Employed and Self-Employed Taxpayers
Tax Form Wizard recommends all forms needed for tax filing, just in time for the June quarterly deadline
SAN JOSE, CA., June 9, 2022 /PRNewswire/ — FlyFin, a fintech provider, has unveiled a free tax form recommendation tool for freelancers, freelancers, and small business owners. FlyFin’s Tax Form Wizard (https://flyfin.tax/tax-forms) shows 1099 taxpayers IRS tax forms that apply to their self-employed needs, with form recommendations specific to the type of work they do and their individual circumstances.
With over 800 different tax forms that the IRS makes available, the volume and complexity of the various tax forms can make tax preparation overwhelming. FlyFin’s Tax Form Wizard gives self-employed and freelancers a tool to help them bypass the need for a tax professional. The Custom Tax Forms Recommendation Tool allows users to quickly find and download only the forms that apply to their employment status during the tax year.
Just in time for the June 15 Quarterly Tax Due, Tax Form Wizard helps self-employed and freelancers understand exactly the forms they will need for preparing and filing their tax returns.
Every year, self-employed people across America are unsure of the tax forms and details of filing their taxes and end up underpaying, usually resulting in tax penalties and interest charges from from the IRS.
FlyFin developed its new tax form wizard when the answer to its 1099 tax calculator publicizes the need for tools that help self-employed people do their taxes. The 1099 Tax Calculatorr Quickly calculates quarterly or annual income taxes for freelancers and freelancers so they know how much their next tax payment should be. Taxpayers who receive 1099 forms are typically self-employed workers, contractors, independent contractors, gig workers, freelancers, and workers in the creative economy.
“We developed the Tax Form Wizard as a solution for self-employed people, freelancers, and small business owners, who have more complicated tax filing requirements, to make tax preparation easier for them,” said Jaideep Singh, CEO of FlyFin. “The IRS provides a mountain of tax preparation information, but finding what you need can be difficult, and explanations can be confusing or overwhelming. Our wizard cuts through the chaos and lets people know only the tax forms that apply to their needs as self-employed and self-employed.
The Tax Form Wizard is part of a larger project that FlyFin is undertaking to create a comprehensive tax preparation resource center specific to the needs of the self-employed and freelancers.
FlyFin is an AI-powered SaaS platform that provides freelancers, contractors, independent contractors, gig workers, freelancers and workers in the maker economy with a tax filing solution convenient, easy to use and affordable. FlyFin helps individuals maximize tax deductions and self-employed income tax refunds. FlyFin’s “Human + Machine” approach leverages the power of AI combined with CPA expertise to deliver automation that eliminates 95% of the work needed for 1,099 self-employed people to prepare their taxes, with a return of revenue led by world-class CPAs. FlyFin is a private venture capital backed company based in San Jose, California.
(Editor’s note: artwork available upon request.)
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