(Self-Employed Worksheet) Profit or Loss From Business Name of Proprietor:______________________________________________ Principal business or profession:__________________________________________ Business Address: ___________________________________________________ Gross Receipts: ____________________________
*When you purchase any equipment, please provide us with the date purchased, cost of equipment and the date placed in service. **In order to claim any expenses pertaining to employees and/or sub-contractors, IRS requires you to report their name, address, SS# or Employer ID Number (EIN) and the amount they received from you. ***Please provide a break down of "other" expenses such as Cell Phone, Postage, Bank Service fees, etc. IRS does not allow any misc deductions. A description is needed for your expenses. When in doubt, write it down and your preparer will be able to determine if you can deduct the expense. Determining your vehicle expense can be puzzling. Keep track of actual expenses and your business mileage so we can determine which way will be more beneficial. Feel free to contact our office with any questions regarding Self-Employment Expenses. ------------------------------------------------------------------------------------------------------ |