Self-Assessing Taxes Online
Learn how to evaluate your taxes with the Confidence in Quality Tax Rubric App
Introduction
Assessing your taxes can feel intimidating, but there are tools available to make the process easier. This online tool, which is geared specifically towards child care providers, is something that can be completed with confidence and in a short amount of time.
Owners to evaluate their own federal tax returns for consistency with best practices for their program. The Confidence in Quality Tax Rubric App was developed to allow child care business type. The app provides child care businesses with a personalized review of their potential tax risks and opportunities summarized in a downloadable report that is easy for both you and your tax preparer to understand. This guide will help walk you through the process of using the Confidence in Tax Quality App to simplify your tax preparation this coming tax season.
The Confidence in Quality Tax Rubric App
Getting Started
Here’s what you will need in order to begin:
- Your Schedule C of your Form 1040 from your latest completed tax return.
- 15 minutes
What is a 1040 Schedule C? Let's take a look at what the Form 1040 Schedule C looks like:
Using the App
Now that you have your Schedule C, you’re ready to begin! The app will ask you to accept the user agreement and confirm your type of business before taking you through a series of questions based on your tax form. The entire process can be completed in 5 simple steps.*
Step 1: Visit the Confidence in Quality Tax Rubric App Site
The app can be accessed by clicking the link above or copying and pasting https://civitas-rubric-eng.glideapp.io/dl/d0a5f4?full=t into your laptop, desktop, phone, or tablet browser search bar.
Step 2: Answer the Questions that Appear on Each Page
Proceed through the site’s prompts by answering “Yes” or “No” questions. Answers to each question are dependent on if you have information entered in the relevant line.
Examples:
Step 3: Check for Common Errors
Answer the final general questions to check for common errors.
Step 4: Enter Your Email Address
Insert your email address in the provided submission box.
Step 5: Hit Submit and Check Your Inbox for Your Report
That’s it, you’re done! If you have not received your report after 15 minutes, be sure to look in your spam folder.
Additional Resources
- How do I prepare for tax season? (texas.gov)
- Tax Credits for Child Care Business (texas.gov)
- What is the Time/Space Calculation? (texas.gov)
- Important Tax Changes to Payment Apps (texas.gov)
- Prorating Costs (texas.gov)
- Depreciation (texas.gov)
Disclaimer: The information contained here has been prepared by Civitas Strategies Early Start and is not intended to constitute legal, tax, or financial advice. The Civitas Strategies Early Start team has used reasonable efforts in collecting, preparing, and providing this information, but does not guarantee its accuracy, completeness, adequacy, or currency. The publication and distribution of this information is not intended to create, and receipt does not constitute, an attorney-client or any other advisory relationship. Reproduction of this information is expressly prohibited.