CEDAM
BUSINESS INCOME 1099-MISC Box 7 – Nonemployee Comp.Receipts from 1099-K Box 1Cash Received for work not on W-2 or 1099Gross Receipts from a sole proprietorshipBUSINESS EXPENSES Vehicle ExpensesDescription of VehicleDate vehicle was put in service for businessBUSINESSCOMMUTINGOTHER/PERSONALParking FeesTollsYes/NoDid you (or your spouse) have another vehicle available for personal use?Was your vehicle available for use during off-duty hours?Do you have evidence to support the information that you entered above?If yes, is the evidence is written (e.g., a mileage log)?TaxPayer must meet all the following to be in scope for FRC VITA:Vehicle Expenses by Standard Mileage Rate $0.58 Only. Actual Expenses is Out-of-ScopeBusiness Expenses less than $25,000Uses Cash Method of AccountingNo inventory during the yearNo Net Loss (must have a profit)No employees (owner cannot be an employee)No depreciation as an expense (No Form 4562)No deductions for business use of home (no home office deduction)Did not receive any credit card or similar payments that included amounts for reimbursed expensesHad no prior year un-allowed passive activity lossOne business as sole proprietor, qualified joint venture, or statutory employee (2 if MFJ)General and Common Operating Expenses1 (Receipts or written documentation required)DESCRIPTION$AMTREF.DESCRIPTION$AMTREF.Advertising for BusinessSch C, Line 8Rent or Lease of Equipment(for less than 30 days)Sch C, Line 20aCommission and FeesSch C, Line 10Rent or Lease of Business PropertySch C, Line 20bInsurance (other than health)Sch C, Line 15Repair and Maintenance) (including possibly car washes)Sch C, Line 9Interest (for Business): Mortgage (paid to banks, etc.)Sch C, Line 16aSupplies(including business portion of cellphone)Sch C, Line 22 Other Business Loan InterestSch C, Line 16bTaxes and LicensesSch C, Line 23Legal & Professional ServicesSch C, Line 17Travel/Meals (50% of costs)(including snacks)Sch C, Line 24bOffice Expense (including stamps, paper, printer, ink)Sch C, Line 18Utilities (including business portion of monthly cellphone plan)Sch C, Line 25I declare that the information provided above is true, correct, and complete to the best of my knowledge and belief.5700395762000Taxpayer’s Printed Name: ________________________________________Taxpayer’s Signature: ____________________________________________ Date: ___________ Business CodeNotes: 1. In addition to Standard Mileage, certain Common Operating Expenses may be included if they are considered to be left204470*** Use the back this sheet (or attach) any additional notes for the tax preparer regarding your business and expenses. ***00*** Use the back this sheet (or attach) any additional notes for the tax preparer regarding your business and expenses. *** “ordinary and necessary” expenses by the IRS. ................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.