Schedule C Additional Due Diligence Questions

Name

First NameLast Name

Date:

Date

What tax year is this for?

How information was obtained:

What Kind of Services do you offer?

How much do you charge for each service?

Where and how do you conduct business?

How do you get new customers?

Did you get a Form 1099-NEC, 1099-K, or 1099-MISC for this work?

Upload your Form 1099-NEC, 1099-K, or 1099-MISC

How were you paid?

How do you track your income?

When did this business start?

Date

Do you keep an appointment book/calendar/schedule to keep up with appointments for the day?

What is your total business gross?

Do you keep an appointment book/calendar/schedule to keep up with appointments for the day?

If you do not keep a schedule, how many clients do you have, and how often do you provide services to them?

How are items needed for your business obtained?

If you had high business expenses, please explain why your expenses are so high.

If you have a business loss, please explain how you are able to keep the business running at a loss, and what you are doing to create profit in the future?

Schedule C Worksheet for Self Employed Businesses/ and or Independent Contractors

Rows	Information
Business Name
Address (If any)
Federal ID (EIN number) (If any)

Rows	YES	NO
Did you make payments requiring a Form 1099?
If yes, did you file the 1099 forms?

All Businesses Only:

Rows	Amount Paid
Advertising
Commission and Fees
Contract Labor (1099's Issued if applicable)
Insurance (other than health)
Heath 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
Repairs and Maintenance
Supplies
Real Estate Taxes (If paid for business)
Other Taxes (Payroll)
Travel (do not include meals)
Meals and Entertainment
Utilities
Wages (W-2's Issued)
Tools
Uniforms
License/Dues
Depletion
Other

Retail Businesses ONLY:

Rows	Amount
Beginning Inventory
Merchandise Purchased for Resale
Cost of labor (not amounts paid to yourself)
Material & Supplies
Other Direct Sales Costs
Ending Inventory

What is your business Mileage?

Do you have evidence to support your mileage?

If yes, is the evidence written?

Total miles driven in 2026 (all driving)

Business miles

Commuting miles

What kind of mileage record do you have?

Did you purchase any major pieces of equipment?

If yes please list the equipment type, date you purchased and the amount of the purchase.

Do you have an office in your home?

If yes, please provide the following

Rows	Amount
Sq.Ft of Office
Sq.Ft of Home
Real Estate Taxes
Mortgage Interest/Rent Paid
Home Owners Insurance
Utilites (Lights and Gas)

Is this space used only for your business, and regularly?

Please use this box to provide any additional information you'd like us to know regarding your schedule C income.

Disclaimer:

By signing below, I confirm that the income, expenses, and other financial information provided for the preparation of my Schedule C tax return are true, complete, and accurate to the best of my knowledge. I understand and acknowledge the following:

1. Recordkeeping Responsibility: I am solely responsible for maintaining proper documentation to support the figures provided (e.g., income logs, receipts, invoices, mileage logs, etc.).

2. Estimated Figures: If I have provided estimated figures due to lack of precise records, I understand that I am accountable for any discrepancies and potential IRS penalties resulting from inaccuracies.

3. Audit Risk: I acknowledge that incomplete or inaccurate records may increase the likelihood of an IRS audit or adjustments to my return.

4. Tax Preparer Limitation: I hold KW TAX PROS LLC harmless from any liability,penalties, or additional taxes arising from inaccuracies in the information provided, as the responsibility for maintaining and reporting accurate financial data lies with me.

Signature