INDEPENDENT CONTRACTOR FILERS

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INDEPENDENT CONTRACTOR FILERS *

REFUND TRACKER

You Do the Work. We’ll Handle the Taxes.

The all-in-one tax filing solution built specifically for freelancers, gig workers, and independent contractors. Maximize your deductions and file with 100% confidence.

Why Work With Us?

  • Sync your bank account, and our AI automatically flags potential business deductions—from home office equipment to travel expenses.

  • Easily upload your forms from clients and platforms (Uber, Upwork, DoorDash, etc.). We’ll consolidate everything into one clear picture..

  • No more "Tax Day Surprises." See exactly how much you owe in self-employment tax in real-time throughout the year.

Got Questions? We Have Answers…

REFUND TRACKER

Tax Solutions Designed for 1099 Independent Contractors.

    • Real-Time Tax Estimates: See a live "Tax Owed" meter that updates every time you log an expense or income, so you’re never surprised in April.

    • Quarterly Payment Calculator: We calculate exactly what you owe for quarterly estimated taxes and provide the vouchers (or electronic filing) to pay them on time.

    • Deadline Alerts: Automated SMS and email reminders for quarterly deadlines and annual filing dates to help you avoid IRS penalties.

    • One-Click E-File: Submit your federal and state returns directly to the IRS with a single click. Receive instant confirmation once your return is accepted.

    • Schedule C Auto-Generation: We automatically populate your Schedule C (Profit or Loss from Business) based on your categorized income and expenses.

    • Self-Employment Tax Calculator: We break down exactly how much of your tax goes toward Social Security and Medicare, and ensure you’re taking the 50% deduction allowed for SE taxes.

    • Audit Defense Guarantee: If the IRS questions your return, our team of experts will represent you and handle the correspondence.

    • Bank-Level Security: Your data is protected with 256-bit AES encryption and multi-factor authentication, ensuring your financial information stays private.

    • Multi-Year Storage: We store your past returns and digital receipts for up to 7 years, making it easy to access your records for loan applications or audits.

2025 Independent Contractor Checklist - DOWNLOAD

Start Filing Smarter with myVault’s Virtual Intake

  1. COMPLETE & SUBMIT VIRTUAL INTAKE FORM

  2. RECEIVE CONFIRMATION FROM YOUR ASSIGNED PREPARER

  3. COMPLETE VIRTUAL INTAKE INTERVIEW

  4. SIGN ENGAGEMENT LETTER

  5. RECEIVE PORTAL ACCESS

  6. REVIEW DRAFT TAX RETURN

  7. SIGN FINAL RETURN

  8. TAX RETURN E-FILED

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VIRTUAL INTAKE FORM

Frequently Asked Questions

  • A W-2 is for traditional employees where the employer withholds taxes from every paycheck. As a 1099 contractor, you are considered a business owner. No taxes are withheld from your pay, meaning you are responsible for calculating and paying your own income and self-employment taxes to the IRS.

  • You generally need to file a tax return if your net earnings from self-employment were $400 or more. Even if you didn’t receive an official 1099-NEC form from a client, you are still legally required to report that income to the IRS.

  • The IRS operates on a "pay-as-you-go" system. If you expect to owe $1,000 or more in taxes for the year, you are typically required to make payments four times a year (April, June, September, and January). Our platform calculates these amounts for you to help you avoid underpayment penalties.

  • You can deduct "ordinary and necessary" expenses related to your work. Common examples include home office costs, software subscriptions, marketing, travel, business insurance, a portion of your cell phone/internet bill, and even professional development courses.

  • Yes, if you use a portion of your home exclusively and regularly for business. You can use the "simplified method" ($5 per square foot up to 300 sq. ft.) or the "actual expenses method," which calculates a percentage of your rent/mortgage, utilities, and insurance

  • Self-employment tax consists of Social Security and Medicare taxes. For 1099 workers, the rate is 15.3%. This is in addition to your standard income tax. Our service automatically calculates this so there are no surprises on your final return.

  • No problem! Our platform allows you to upload or manually enter an unlimited number of 1099-NEC, 1099-K, or 1099-MISC forms. We consolidate all your income streams into one Schedule C for a seamless filing experience.

  • Yes. If you are self-employed and have a net profit for the year, you may be able to deduct the medical, dental, and long-term care insurance premiums you paid for yourself, your spouse, and your dependents.

  • No. While you should keep your receipts for at least three years in case of an audit, you do not send them to the IRS. Our platform allows you to upload digital copies of your receipts so they are organized and stored securely in one place.

  • If you miss the April 15th deadline, you should file as soon as possible to minimize late-filing penalties and interest. We can help you file an extension or catch up on previous years' unfiled returns.

  • We use bank-level 256-bit encryption to protect your sensitive information. We never sell your data to third parties, and our filing process is IRS-authorized and compliant with all modern security protocols.

  • The IRS generally has three years to audit a return, but in some cases, they can go back six years. We recommend clients keep digital copies of all contracts, mileage logs, and "duplication of expense" receipts for at least seven years.