SCHEDULE C – BUSINESS INTAKE & DUE DILIGENCE

Supporting documents to upload For Completion of your business tax return:• Profit and Loss statement or income summary for the tax year• Bank statements related to the business• 1099-NEC, 1099-K, or other income forms received for the business• Expense receipts or expense summaries (supplies, advertising, equipment, etc.)• Mileage log if claiming vehicle expenses• Vehicle information (purchase date, mileage, business use percentage) if claiming car and truck expenses• Asset or equipment purchase receipts for items used in the business• Business insurance documents (if claiming insurance expenses)• Home office information (square footage of home and office space if claiming home office deduction)• Payroll records if employees were paid• Contractor payment records and issued 1099 forms (if applicable)• Prior year tax return showing the previous Schedule C (if available)

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SCHEDULE C - EXPENSES (FULL CATEGORIES)
Enter TOTAL amounts for each category. Attach or retain receipts, invoices, statements, and logs to support each amount.
Car and truck expenses refer to costs related to using a vehicle for business purposes. This may include expenses such as gas, maintenance, insurance, repairs, mileage, or lease payments when the vehicle is used for business activities.
Advertising: money spent to promote or market your business in order to attract customers or increase sales. This can include expenses such as social media ads, flyers, business cards, websites, and other promotional materials used for your business.
Commissions and fees: payments made to individuals or businesses for helping generate sales, secure clients, or provide professional services for your business. These expenses are typically deductible when they are directly related to your business operations and properly documented.
Contractor labor: payments made to independent contractors or freelancers for services performed for your business, rather than wages paid to employees. These individuals are typically issued a 1099 form and are responsible for paying their own taxes
Depletion:Depletion is a tax deduction that allows businesses to recover the cost of resources such as oil, gas, minerals, timber, or other raw materials. It accounts for the reduction of these resources as they are used or sold during business operations.
Depreciation and section 179 expense
Section 179 Expense Deduction (Brief Description)
The Section 179 Deduction allows taxpayers who own a business to deduct the full or partial cost of qualifying equipment and business property in the same year it is purchased and placed into service, rather than depreciating the asset over several years.

This deduction is designed to help small businesses recover the cost of business investments more quickly by reducing taxable income in the year the equipment or property is bought.

Common items that may qualify include:

Business vehicles used more than 50% for business
Computers, laptops, and office equipment
Machinery and tools used in business operations
Office furniture and equipment
Certain software used for business purposes
To qualify, the property must be purchased, placed into service during the tax year, and used primarily for business (more than 50%).

Example:
If a taxpayer purchases a $5,000 laptop for their business, they may be able to deduct the entire $5,000 in the current tax year instead of spreading the deduction over several years.
Employee Benefit Programs: Employee benefit programs are business expenses that cover benefits provided to employees in addition to wages, such as health insurance, retirement contributions, and other approved benefit plans. These programs help support employee well-being and may be deductible business expenses when properly documented and offered to employees.)
Insurance (other than health)
Interest - Mortgage
Interest - Other
Legal and professional services
Other Expenses (itemize):
Provide descriptions and amounts for additional expenses not listed above (e.g., software, bank fees, uniforms, education, phone, internet).
1. Description:
Amount:
2. Description:
Amount:
3. Description:
Amount:
4. Description:
Amount:
5. Description:
Amount:
6. Description:
Amount:

Client Certification & Expense Acknowledgment
By signing this form and uploading proof of expenses, you certify that:

All income reported has been fully and accurately disclosed.
All business expenses claimed are ordinary, necessary, and directly related to your business activity.
The documents uploaded (receipts, invoices, bank statements, mileage logs, and other records) accurately support the expenses listed on your Schedule C.
You have personally reviewed the income and expense amounts provided and confirm they are true, complete, and correct to the best of your knowledge.
You understand that the IRS may request supporting documentation and that unsupported expenses may be disallowed during an audit.
You acknowledge that providing false, incomplete, or misleading information may result in penalties, interest, or additional tax due.
You authorize Prolific Tax & Business Solutions to rely on the information and documentation you provided to prepare and file your tax return in accordance with IRS regulations.
By submitting this form, you confirm that all required supporting documents have been uploaded and that you approve the preparation of your tax return based on the information provided.
Signature

Schedule C Review, Signature & Document Upload Acknowledgment
Important – Please Read Before Signing

By signing this Schedule C (Profit or Loss From Business), you confirm that you have reviewed and provided all income and expense information listed and that it is true, complete, and accurate to the best of your knowledge.

To finalize your tax return, all supporting documents must be uploaded along with your signed Schedule C. These documents are required for IRS due-diligence and audit-readiness purposes.

📌 Required Supporting Documents Include (but are not limited to):
Income Documentation

1099-NEC / 1099-K / 1099-MISC forms
Sales reports (Square, Stripe, PayPal, Cash App, Zelle, Shopify, etc.)
Invoices, receipts, or income summaries
Expense Documentation

Receipts for business supplies and materials
Advertising and marketing expenses
Vehicle expenses (mileage logs, gas receipts, maintenance, insurance)
Office expenses (rent, utilities, internet, phone)
Equipment purchases (computers, printers, tools, software)
Professional services (bookkeeping, legal, consulting)
Insurance premiums (business, E&O, liability)
Any other records supporting expenses claimed on this Schedule C
Additional Business Records (if applicable)

Profit & Loss statement
Bank statements (business accounts)
Business license or EIN confirmation

✍️ Client Acknowledgment
By signing below, you acknowledge that:

All income has been fully disclosed
All expenses claimed are supported by documentation
You understand that missing or incomplete documents may delay processing or affect your tax outcome
You authorize Prolific Tax & Business Solutions to rely on the information provided to prepare your tax return in compliance with IRS regulations
Please ensure all documents are uploaded before submitting this form.
Signature

BUSINESS INTAKE & DUE DILIGENCE (FILLABLE)

SECTION 1 – TAXPAYER INFORMATION

SECTION 2 - BUSINESS INFORMATION

SCHEDULE C – INCOME, COGS, VEHICLE & HOME OFFICE

SECTION 3 – INCOME

SECTION 4 – COST OF GOODS SOLD (if applicable)

SECTION 5 – VEHICLE USE (if claiming auto expenses)

SECTION 6 – HOME OFFICE (if claiming home office)

SCHEDULE C - EXPENSES (FULL CATEGORIES)

Other Expenses (itemize):

Client Certification & Expense Acknowledgment
By signing this form and uploading proof of expenses, you certify that:

Schedule C Review, Signature & Document Upload Acknowledgment
Important – Please Read Before Signing

DUE DILIGENCE & SIGNATURES

SECTION 7 – DUE DILIGENCE (CHECK ONE: YES or NO)

SECTION 8 – DECLARATION

BUSINESS INTAKE & DUE DILIGENCE (FILLABLE)

SECTION 1 – TAXPAYER INFORMATION

SECTION 2 - BUSINESS INFORMATION

SCHEDULE C – INCOME, COGS, VEHICLE & HOME OFFICE

SECTION 3 – INCOME

SECTION 4 – COST OF GOODS SOLD (if applicable)

SECTION 5 – VEHICLE USE (if claiming auto expenses)

SECTION 6 – HOME OFFICE (if claiming home office)

SCHEDULE C - EXPENSES (FULL CATEGORIES)

Other Expenses (itemize):

Client Certification & Expense AcknowledgmentBy signing this form and uploading proof of expenses, you certify that:

Schedule C Review, Signature & Document Upload AcknowledgmentImportant – Please Read Before Signing

DUE DILIGENCE & SIGNATURES

SECTION 7 – DUE DILIGENCE (CHECK ONE: YES or NO)

SECTION 8 – DECLARATION

Client Certification & Expense Acknowledgment
By signing this form and uploading proof of expenses, you certify that:

Schedule C Review, Signature & Document Upload Acknowledgment
Important – Please Read Before Signing