Schedule C Worksheet

Schedule C Worksheet

for Self Employed Businesses and/or Independent Contractors
Taxpayer Full Name*

First NameLast Name
Taxpayer Email*
example@example.com
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?

YesNo
Federal ID # (if any)
Did you make payments requiring a Form 1099?

YesNo
If yes, did you file required Form 1099?

YesNo
Total Gross Business Income (not necessarily the amount shown on 1099’s Include the total of all income related to this self-employment activity)

Retail Businesses ONLY:

Rows	Amount
Beginning Inventory
Merchandise Purchased for Resale
Cost of Labor (Do not include $'s paid to yourself)
Materials & Supplies
Other Direct Sales Costs
Ending Inventory

All Businesses:

Rows	Amount
Advertising
Commissions and Fees
Contract Labor (1099's issued, if applicable)
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
Repairs and Maintenance
Supplies (not included above)
Real Estate Taxes (if paid for business)
Other Taxes (payroll)
Travel (do not include meals)
Meal and Entertainment
Utilities
Wages (W-2's Issued)
Bank and CC Charges
Tools
Uniforms
License/Dues
Other

Telephone ___% used for business
Business Mileage
(Do not include mileage to and from home unless your office is in your home)
Is the "evidence" written?

YesNo
Do you have "evidence" to support your mileage?

YesNo
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?

YesNo
If YES, List:
Equipment
Date

MonthDayYear
Date
Amount
Equipment
Date

MonthDayYear
Date
Amount
Do you have an Office in Your Home?

YesNo
Sq. Ft of Office
Sq. Ft of Home
Real Estate Taxes
Mortgage Interest / Rent Paid
Homeowner Insurance
Utilities (Lights and Gas)
I certify that I have listed all income and expenses and have documentation to back up the figures entered on this worksheet. For tax year
Printed Name*
Date*

MonthDayYear
Date
Signature*

Clear
Should be Empty: