Return to Tax home
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Schedule C Self Employment Tax Form
Schedule E Rental Property Tax Form
Form 2555 Foreign Income Check-Off SheetTo print this page: Right-Click on the page, select print from your drop-down menu
Return to Tax home
page
Schedule C Self Employment Tax Form
Schedule E Rental Property Tax Form
Form 2555 Foreign Income Check-Off Sheet
To print this page: Right-Click on the page, select print from your
drop-down menu
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Jim Ewing Fax: 775-425-0841 |
Income Tax Preparation
JimEwing@Ewing-Enterprises.com
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(Schedule C)
*****Use Separate Worksheet for Each Business*****
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Name of Business: |
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Type of Business: |
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TOTAL INCOME RECEIVED FROM ALL SOURCES FOR THIS BUSINESS ONLY: |
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(Note: You must fill out a separate form for each business)
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Expenses |
Amount Paid |
Examples |
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Advertising |
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Flyers, Newspaper Ads, Radio/TV Spots |
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Bank Fees |
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Fees paid on a SEPARATE account, check fees, returned check fees, etc. |
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Uncollectible Returned Checks |
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Must be added as income above also |
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Commissions & Fees |
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Paid to non-employees, agents |
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Employee Benefit Programs |
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Costs of employee fringe benefits such as insurance, etc. |
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Entertainment/meals |
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Client business lunches, client entertainment |
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Insurance (not auto) |
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Liability, Fire, Theft, Business (non-auto) |
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Legal/Professional Fees |
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Lawyers, court recorders, Notary, Steno, Bookkeeping, etc. |
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Mortgage Interest to banks |
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Mortgage Interest for Business property (banks) |
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Mortgage Interest to Others |
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Mortgage Interest for Business property (non Bank, Mortgage Co.) |
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Office Expenses |
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Stamps, Stationery, Office supplies, soap, TP, etc. |
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Rent or Lease Equipment |
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Equipment rentals |
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Rent or Lease Property |
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Office rent |
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Repairs/Maintenance |
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Repairs to equipment & fixtures |
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Supplies |
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Supplies to perform work, material, thread, needles, pens, pencils |
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Taxes/Licenses |
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Business licenses, taxes, employee SS taxes |
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Travel |
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Business travel |
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Utilities |
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Phone, Cell Phone, electrical, gas, etc. |
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Wages |
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Gross wages paid to employees |
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Other (list) |
__________ |
Itemize any other expenses that are business related: · Equipment purchases, janitorial, grounds keeping (you can lump them into general categories)
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Office in Home Expenses: If your home is the primary place where you do self-employed business, you may deduct some of the expenses of your home. If you qualify please provide the following Information:
Office Expenses: If not already provided to me I need the following info:
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Your Total Rent |
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Square Footage of Office Area |
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Your Total Utilities |
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Total Square Footage of home |
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Your Insurance |
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If you use your garage for business storage: I need the square footage of storage space used: |
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Total Square Footage of Garage: |
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If Business is Day Care:
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Number of days per year your home is used for Day Care: |
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Number of hours per day used for Day Care |
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Total Square footage used for Day Care (include the bathroom) |
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Total Square footage of Home |
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Square footage of your office |
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Square footage of storage |
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Vehicles used in business.
(If more than 1 vehicle, make a separate list for EACH one) (DO NOT COMBINE VEHICLE EXPENSES or MILEAGE:)
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Mileage |
Car #1 |
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Car #2 |
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Total miles driven for year |
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Miles used for business |
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Miles used for commuting |
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Miles used for personal use |
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Parking fees & tolls |
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Note: You must have a written record of your mileage. It cannot be estimated.
Mileage is 55 cents per mile for 2009. If you use your vehicle more than 50% for business purposes and want to list actual expenses, then list actual expenses below - IF - they total more than per business mile above. If you are taking per mile allowance then skip the actual expenses below.
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Item |
Car #1 |
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Car #2 |
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Auto Repairs/Parts (includes batteries, oil, washings, etc.) |
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Auto Fuel |
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Auto License Fees |
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Auto Insurance |
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Other (give list) |
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Interest on business Auto debt |
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If Business Auto is new to you this year:
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Item |
Car #1 |
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Car #2 |
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Did you keep your old auto |
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Total cost of New Auto |
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Date purchased |
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Did you use your old Auto for business? |
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If so: Trade-in value or sale price of old auto |
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Notes: If someone works for you and you pay them more than $600 in any one year you must issue a Form W-2. You must deduct all of the payroll taxes and forward the deducted amounts to the applicable Federal and State agencies. Your bank can help you with that. Additionally, for your protection and your employee’s protection, you should carry Workman’s compensation insurance.
If the person falls into the category of “Independent Contractor” then you must give them a Form 1099 (Misc.) if they earn more than 600 in any year.
If you have people that perform work for you in your business, then you should discuss the above requirements with me for guidance.
If you pay any business more than $600 in one year for services, including rent to your landlord for commercial offices etc., you must issue that business/person a 1099 (Misc.).
I highly recommend the computer bookkeeping program called Quicken or QuickBooks. They are made by the same software manufacturer and are both very easy to use. That will make the end of year tax task one you can do in an hour or less. Quicken is a simple checkbook program that is usually enough for a one-two person business.
Rev: 12/2009
