SELF EMPLOYMENT EXAM TAX YEAR
The tax code requires all taxpayers to maintain adequate books and records to substantiate all expenses taken on a return. Preparer regulations now require our firm to make reasonable inquiries as to the existence and accuracy of your books, records and other documentation before we can prepare your return. We are also required to make additional inquiries if any of the information you furnish appears to be incorrect, inconsistent, or incomplete. We are providing you with this worksheet for this purpose. If you have your own summaries (for example spreadsheets) that contain the same information in a format we can read, you may use that but will be asked to also sign our worksheet as an attachment to your document.
HOW LONG HAVE YOU BEEN IN BUSINESS?
DO YOU HAVE EMPLOYEES OR CONTRACTORS?
Y
N
DO YOU HAVE A 1099NEC OR 1099K.?
Y
N
DID YOU ISSUE OUT 1099NEC OR W2's?
Y
N
DID YOU PAY QUARTERLY TAXES DURING THE YEAR?
HOW DO YOU KEEP YOUR RECORDS? (EX. RECEIPTS, SPREAD SHEETS, OTHER)
DO YOU HAVE BUSINESS EXPENSES?
Y
N
If you don't have business expenses, explain why?
DO YOU HAVE A WEBSITE, SOCIAL MEDIA ACCOUNT, OR EMAIL ACCOUNT FOR YOUR BUSINESS?
Y
N
IF YES PLEASE LIST:
CAN YOU PROVIDE EVIDENCE OF YOUR BUSINESS EXPENSES?
RECONSTRUCTION OF BUSINESS INCOME AND EXPENSES IF APPLICABLE
HOW MANY CLIENTS OR CUSTOMERS DO YOU SERVE?
WHAT DO YOU CHARGE FOR YOUR SERVICES OR PRODUCT?
EXPLANATION OF INCOME:
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SELF -EMPLOYMENT WORKSHEET TAX YEAR
Business Profession:
Gross Sales:
Business Name (if any)
Employer ID #:
SELF -EMPLOYMENT WORKSHEET TAX YEAR
Rows
Operating Expenses
Amount
Column 3
Amount
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I agree that everything on the sheet is true to my acknowledgement and is based on records kept during the current year and is related expenses to my business profession.
Printed Name:
Date:
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Month
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Day
Year
Date
Signature:
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