Sole Proprietorship Tax Organizer

  • Sole Proprietorship Tax Organizer

  • Use a separate organizer for each business

    Business, LLC, Entrepreneur, Contractor, Consultant and all default Schedule C filers

  • Date business started
     / /
  • Was the primary purpose of the business activity to realize a profit?
  • Did you materially participate in the operation of this business?
  • Has the business reported any losses in prior years?
  • Accounting method:
  • Does the business file under a calendar year? If no, list the fiscal year

  • Sole Proprietor Specific Questions

  • Did you pay any family members for services?
  • Did you make any payments of $600 or more to subcontractors, attorneys, accountants, directors, etc.?
  • If Yes, did you issue Form 1099-NEC? List name and social security number (SSN) for each person to whom you paid $600 or more.
  • Did you make, or do you plan to make, any contributions to a self-employed retirement plan?
  • Did you pay for your own health/dental insurance? If Yes, provide amount of premiums paid during the year.
  • Did you have any employees?
  • Did you have any bartering transactions during the year?

  • Sole Proprietor Business Income

  • Total of all Forms 1099-NEC and 1099-K received

    Other income (not included in gross receipts above)

  • Sole Proprietor Cost of Goods Sold

    for manufacturers, wholesalers, and businesses that make, buy, or sell goods

  • Sole Proprietor Business Expenses

  • Browse Files
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  • Car Expenses

  • Date car placed in service
     / /
  • Car available for personal use during off-duty hours?
  • Do you (or your spouse) have any other cars for personal use?
  • Do you have evidence?
  • Is your evidence written?
  • Is your evidence written?
  • Did you trade in your car this year?

  • Mileage

  • Actual Expenses

  • Travel Expenses

    • Meals. You can deduct the cost of meals while traveling away from home on business. You can use the actual cost of your meals or the standard meal allowance per diem, which can vary by location.

    • Travel/Lodging. You can deduct the ordinary and necessary ex- penses of traveling away from your home for business purposes. Included expenses are transportation, airfare, taxi, lodging, etc.

  • Rows
  • Rows

  • Equipment Purchases – Enter the following information for depreciable assets purchased that have a useful life greater than one year

  • Rows

  • Equipment Sold or Disposed of During Year

  • Rows

  • Business Use of the Home

  • Area of home must be exclusively used for business except for storage or day care. Note: Managing rental activities or investments does not qualify for business use of the home.

  • All Taxpayers

  • For Day Care Only

  • Enter below only the expenses paid during the period the home was used for business. Direct expenses benefit only the business use portion of the home. This includes painting or repairs exclusively for the business area. Indirect expenses are for keeping up and running the entire home, such as mortgage interest and property taxes. If you bought or sold your home during 2017, copy this worksheet and fill out one for each home.

  • Rows

  • Depreciation of the Home

  • Casualty losses?
  • Casualty Loses?
  • Should be Empty: