Business income Include:

• Self-employment income Form 1099-NEC
• Form 1099-MISC and Schedule C
• S corporation income - 1120-S
• Payment card & third-party network Transactions Form 1099-K
• Parnership Income form- 1065
• Rental real estate income Schedule E
• Self-employment taxes Schedule C
• Sale of business property- 4797

Standar Mileage rate for business use Increases for 2025.

The Standard mileage rate for vehicles driven for business will increase by 3 cents in 2025. 

• 70 cents per mile driven for business use.
• 21 cents per mile driven for medical purposes.
• 21 cents per mile driven for moving purposes for qualified active-duty members of the Armed Forces.
• 14 cents per mile driven in service of charitable organizations.

Call: Start Star Tax Profecionals        

        Cell: 214-994-9490

        Office: 972-219-5258



Estimated Taxes

You can pay your estimated tax four times a year, based on the IRS dates specified for payment, or each month. At:Electronic Payment Options Home Page

To pay estimated taxes, you need to figure out how much your adjusted gross income will be for the year. Take into account your taxable income, deductions, taxes and credits.