Strictly Financial Schedule C Worksheet

Business Information
Principal Business or Profession
Business Name
Employer ID (EIN)
Address (if different from home)
City, State, Zip
Accounting Method
Did you 'materially participate' in the operation of this business during 2024?
Did you start or acquire this business during this tax year?
What is the date the business started?

MonthDayYear
Date
Do you have a business license?
Business Website/ Social Media
Did you make any payments in 2024 that would require you to file Form(s) 1099?
If you are required to file Form(s) 1099, did you or will you file all required Forms?
Is this an activity of processing a farm commodity?
Did you receive a subsidy for this activity?
Is your principal business or profession a NOTARY PUBLIC?
Did you pay for an insurance plan in 2024 established under this business to provide health insurance for yourself, your spouse, and dependents?
Did you make any contribution to a self-employment retirement plan such as Keogh, SEP or SIMPLE plan?

Cost of Goods Sold
If you engaged in producing, purchasing or selling merchandise, then you should have inventories.If you engaged in providing service only, such as tutoring, consulting, caring, then generally you would not keep inventories; instead you can report the supplies used for providing the service as expenses.
Did you keep inventories in this business?
Select the method you used to value your closing inventory.
If you choose "Other" in the inventory method, please enter the explanation in the following.
Was there any change in determining quantities, costs, or valuations between opening and closing inventory?
If you choose "Yes" for change in determining quantities, costs, or valuations, Please enter explanation for change of inventory method.
Inventory at beginning of year
Purchases
Cost of items withdrawn for personal use
Cost of labor (Do not include any amounts paid to yourself)
Materials and supplies
Inventory at end of year
Cost of Goods Sold

Vehicle Information
Do you have a vehicle to enter?
Description of vehicle
Select date placed in service

MonthDayYear
Date
Are you claiming Standard Mileage or Actual Expenses? (If you are depreciating the vehicle, you must choose Actual Expenses and also you must claim the same that you claimed previous years)
Was the vehicle available for personal use?
Do you have written evidence to support your
Business/investment miles driven
Commuting miles driven
Business/investment miles driven
Parking & Tolls
Actual Expenses (gas, maintenance, repairs, taxes, interest on loan, DMV fees, etc.)

END
Please attach any supporting documents.

Cancelof
Taxpayer Certification
I acknowledge that I have receipts and records regarding my personal business in my possession. I have provided the above summary to Strictly Financial LLC for the preparation of my income tex return.
Date

MonthDayYear
Date
Signature

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Taxpayer Certification