BUSINESS INFORMATION

Complete this worksheet accurately and thoroughly, listing all expenses in detail. Be prepared to provide supporting documents for the information you include, as they may be required in the event of an IRS audit. Although audits are uncommon, it is essential for every client to be aware of their possibility.

1 What is your name?

2 Do you have a business name If yes what is it?

3 What is your address?

4. What is your phone number?

5 What is your email address?

example@example.com

6 Do you have an EIN for your business Yes or No?

If yes please provide it

7 What type of business do you operate?

8 What is the main activity or service your business provides?

9 When did your business start?

10 What accounting method do you use CashAccrual?

11 Did you actively participate in the business this year Yes or No?

12 What were your total gross receipts or sales?

13 Did you have any returns or allowances Yes or No?

If yes what was the total amount

14 Did you have any other income example 1099s miscellaneous Yes or No?

If yes please provide the total

Cost of Goods Sold (if applicable otherwise move on to the next section)

15 What was your beginning inventory?

16 What were your total purchases?

17 How much did you spend on labor costs?

18 What was the cost of materials and supplies?

19 Did you have any other costs Yes or No?

20 What was your ending inventory?

If yes what were they

21 How much did you spend on advertising?

22 What were your car and truck expenses?

23 Did you pay any commissions or fees Yes or No?

If yes what was the total

24 Did you have contract labor Yes or No?

If yes how much did you pay

25 Did you have any depreciation expenses Yes or No?

If yes what was the total

26 How much did you spend on insurance not health?

27. Did you pay interest on a mortgage or other loans (business related)? (Yes/No):

Yes or No

If yes what was the total

28 How much did you spend on legal or professional services?

29 What were your office expenses?

30 Did you pay rent or lease for vehicles machinery or other property Yes or No?

If yes what was the total

31 What were your repair and maintenance costs?

32 How much did you spend on supplies?

33 What were your total taxes and license fees?

34. How much did you spend on travel?

35 What were your meal expenses 50 deductible?

36 How much did you spend on utilities?

37 Did you have any other expenses Yes or No?

If yes please list them

38 What is the make and model of your vehicle?

39 When did you place the vehicle in service In use for business?

40 How many miles did you drive this year?

41 Of those how many were business miles?

42 How many were commuting miles?

43 How many were personal miles?

44 Was the vehicle available for personal use Yes or No?

45 Do you have another vehicle available for personal use Yes or No?

46. Do you have evidence to support your mileage? (written log/tracker app) Yes or No

47 Is your evidence written YesNo

48. What is the total area of your home in sq ft

49. How much of that area is used exclusively for business in sq ft

50. How much did you pay in rent?

51 How much did you pay in mortgage interest?

52 What were your total utility costs?

53 How much did you spend on repairs and maintenance?

54 How much did you pay for homeowners insurance?

55 Did you have any other home expenses?

If yes please list them

Company Name

By completing and signing this worksheet, you agree to the following terms:

Accuracy of Information: I certify that all information provided in this worksheet is true, accurate, and complete to the best of my knowledge.

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Supporting Documentation: I understand that I am responsible for maintaining and providing any supporting documents related to the information submitted

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IRS Compliance: I acknowledge that in the event of an IRS audit, all information and supporting documentation provided may be required for submission to the IRS as part of the audit process.

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Responsibility for Records: I understand that it is my responsibility to retain all relevant records and documentation for tax and compliance purposes.

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I understand that it is my responsibility to retain all relevant records and documentation for tax and compliance purposes

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Disclaimer: Iacknowledge that the information I provide on this worksheet will be used to prepare my tax return and/or financial documents.

Any inaccuracies or omissions in the information provided are my responsibility.

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Acknowledgment: By signing below, I confirm that I have read, understood, and agree to the terms outlined above.

Client Printed Name

Client Signature

Date

PERSONAL INFORMATION

BUSINESS INFORMATION

INCOME

EXPENSES: