With Hurdlr’s tax filing feature, all of the business expenses and mileage that you tracked will be automatically imported into our tax filing partner’s software and into the corresponding sections of the Schedule C. This streamlines your tax filing process and gives you a jump start on your tax return. From there, you’ll just need to enter your business income directly in the Schedule C section, plus complete any other required fields and add any other information such as W-2 income, personal deductions, etc. Once you’ve completed your tax return, you can submit it directly through their system.

If you are a single member LLC and filing a Schedule C, you’ll be able to use Hurdlr’s tax filing feature to streamline your tax filing process. As a single member LLC, all of the business income, expenses, and mileage that you’ve generated is reported in a Schedule C along with your personal tax return. Hurdlr’s tax filing feature will automatically import your business expenses and mileage into our tax filing partner’s software into the corresponding sections of the Schedule C. From there, you’ll just need to enter your business income directly in the Schedule C section, plus complete any other required fields and add any other information such as W-2 income, personal deductions, etc. Once you’ve completed your tax return, you can submit it directly through their system.

If you are a multi-member LLC or an LLC filing as an S Corp, you will be issued an official document (such as a K-1) reporting your portion of the LLC’s income and deductions. Issuing K-1s is not included with Hurdlr’s tax filing feature, but you can typically do that with an accountant using the reports that Hurdlr outputs. Then, you would need to file your own personal taxes using that form, and Hurdlr’s tax filing feature covers the cost for your personal tax return for federal and your states.

The S-Corp itself will need to file a 1065 and issue a K-1 to each owner, which is not included in the tax filing feature. However, as an S-Corp owner, you would need to file your own personal taxes using your K-1, and Hurdlr’s tax filing feature does cover the cost of your personal tax return for federal and your states.

Disclaimer: The information contained here is provided for informational purposes only and should not be construed as financial or tax advice. It is not intended to be a substitute for obtaining accounting or other financial advice from an appropriate financial adviser or for the purpose of avoiding U.S. Federal, state or local tax payments and penalties.