Self-Employment Tax Organizer (SETO) Tax Year 2020
Prepare + Prosper
2610 University Avenue W, Suite LL, St. Paul MN 55114
What’s New in 2021
Due to the pandemic and public health concerns,
all tax and financial services will be on an
appointment only basis. Documents may need to
be downloaded, mailed or dropped off to us.
New for the self-employed, Form 1099-NEC
(Nonemployee Compensation) has replaced
Form-MISC (Miscellaneous income).
The SETO is based on
Schedule C, Profit or Loss
from a Business or Service
. Use this tool to
record your income and expenses from just your
• Total annual household income of $55,000 or
less (gross income from all sources).
• Sole proprietors, independent contractors, and
single member LLC’s only.
• We do not prepare returns for corporations,
partnerships, businesses with employees, taxi
drivers, clergy, day traders or returns with
income from rental property.
Filling out the form
• Use your documents to fill out the organizer
with only your self-employment income and
expenses. The organizer has different sections
and not all apply to your business. Use actual
amounts; do not round off. Do not list income
from W-2s on the organizer
• If you don’t find a category for an expense feel
free to write it in the “
other” category and let
us know what it is.
, for tools such as mileage logs, income
and expense worksheets, tips on making
estimated tax payments, a cheat sheet on
how to fill out the SETO.
for useful tools and videos.
Key words: small biz and irsvideos.gov.
Documents required for your tax
• The organizer must be complete before
• Photo ID for taxpayer (and spouse if filing
jointly). Both spouses must take part in the
process for a joint return.
• Social Security card or Individual Taxpayer
Identification Number (ITIN) card/letter for
all persons listed on the return.
• Birthdate for all persons listed on the
• Income statements or forms: W-2, 1099-
NEC, and any other tax document.
• Copy of last year’s return – this is
important for self-employed taxpayers as it
may have needed information about
business or service.
• For direct deposit – routing and account
We must have proof of your Social
Security number (and everyone else on the
return) by way of a Social Security card,
digital image of it, a previous year’s return,
or a document from the IRS or Social
You do not need to bring supporting
documentation to your appointment:
Invoices, receipts, bank or credit card
statements, and mileage logs, but do keep
them for your records.
Note: Should you need to come to our
office, the parking lot is located diagonally
across the street from the building. Use
1040# to enter the lot.