Schedule C Worksheet for Self Employed Businesses and/or ...
Schedule C Worksheet
for Self Employed Businesses and/or Independent Contractors
IRS requires we have on file your own information to support all Schedule C's
Business Name (if any)__________________________________________ Address (if any) _________________________________________
Is this your first year in business? Yes No
Federal ID # (if any)_________________________
Did you make payments requiring a Form 1099? Yes No If `YES' did you file required Form 1099? Yes No
Total Gross Business Income (not necessarily amount shown on 1099's)
$_______________
Retail Businesses ONLY: All Businesses:
Beginning Inventory Merchandise Purchased for Resale Cost of labor (Do not include $'s paid to yourself) Materials & Supplies Other Direct Sales Costs Ending Inventory
$____________ $____________ $____________ $____________ $____________ $____________
Advertising
$____________
Commissions and Fees
$____________
Contract Labor (1099's Issued, if app) $____________
Insurance (other than health)
$____________
Health Insurance (for you)
$____________
Health Insurance (for your employees) $____________
Mortgage Interest (If paid for Business) $____________
Other Interest Paid
$____________
Professional Fees
$____________
Office Expenses
$____________
Rent on Business Property
$____________
Equipment Rentals
$____________
Telephone ____ % used for business $____________
Repairs and Maintenance
$____________
Supplies (not included above)
$____________
Real Estate Taxes(If paid for business)$____________
Other Taxes (Payroll)
$____________
Travel (do not include meals)
$____________
Meals and Entertainment
$____________
Utilities
$____________
Wages (W-2's Issued)
$____________
Bank and CC Charges
$____________
Tools
$____________
Uniforms ... logo .. YES or NO
$____________
License / Dues
$____________
Other ________________________________ $____________
Business Mileage
January-June__________
July?December__________
(Do not include mileage to and from home unless your office is in your home)
Question MUST be answered >> Do you have "evidence" to support your mileage? . . .. . Yes No
and this if applicable >> If yes, is the "evidence" written? . . . . . . . . . . . . . . . . . . . . . . Yes No
"Evidence" includes mileage logs, appointment records, calendars, etc. plus IRS could ask for odometer readings from oil changes, repair invoices, purchase and sale documents.
Did you purchase any major pieces of equipment? No Yes IF YES list:
Equipment___________________________ Date _______________ Amount _____________ Equipment___________________________ Date _______________ Amount _____________
Do you have an Office in Your Home? Yes No IF YES Complete questions below
Sq. Ft of Office __________ Sq. Ft of Home __________ Real Estate Taxes $__________ Mortgage Interest / Rent Paid $__________ HO Insurance $__________ Utilities (Lights and Gas) $__________
I certify that I have listed all income, all expenses, and I have documentation to back up the figures entered on this worksheet. For tax year ______________
Printed Name_______________________________________ Signature_____________________________________ Date _________________
................
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