Articles
Forms
Federal Tax Links
State Tax Links

 

 

 

BUSINESS OR PROFESSION WORKSHEET

 

NAME_______________________________________                                            YEAR________________

 

Principal Business, Product or Service______________________________________________________

Business Name & Address_______________________________________________________________

                                             _______________________________________________________________

Do you deduct expenses for business use of your home?  If NO proceed to Section 1.  If YES fill in the

Following section:

 

Square feet of home __________                  Square feet of business use area__________

Amount of time home used for business as in day care or storage __________

            Utilities:          Heat                $___________            Electric            $__________

                                    Telephone      $___________            Prop. Tax         $__________

            Mortgage Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      __________

            Repairs to office area only . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      __________

            Repairs to common areas like roof, siding etc. . . . . . . . . . . . . . .       __________

            Casualty losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      __________

            Home Owners insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      __________

 

SECTION 1

GROSS RECEIPTS OR SALES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    ____________

 

COST OF GOODS SOLD

Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   ____________

Purchases of Goods for Resale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     ____________

Less:  Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    ____________

 

SECTION 2

DEDUCTIONS

Advertising                               ____________                      Repairs & maintenance            ____________

Car & truck expense                ____________                      Supplies                                    ____________

Commissions & fees                ____________                      Taxes & licenses                       ____________

Insurance:                                                                               Travel, meals, entertainment:

   Liability                                  ____________                         Travel                                      ____________

   Workman’s Comp                  ____________                         Meals & entertainment         ____________

   Business vehicles                 ____________                      Utilities                                      ____________

   Personal vehicles                  ____________                      Wages                                        ____________

   Employee health                   ____________                      Off Road Fuel (Gal______)       ____________

   Personal health                     ____________                      Diesel  (Gal_____)                    ____________

Interest:                                                                                  Gasoline (Gal_____)                 ____________

   Mortgage                               ____________                      Other Expenses:        

   Other                                      ____________                      ______________________       ____________

Legal & Professional                ____________                      ______________________       ____________

Office expense                         ____________                      ______________________       ____________

Rent of lease:                                                                         ______________________       ____________

   Vehicles                                 ____________                      ______________________       ____________

   Other business property       ____________                      ______________________       ____________

(OVER PLEASE)

EQUIPMENT BOUGHT

 

WHAT WAS BOUGHT                    DATE               COST AFTER TRADE-IN                WHAT WAS TRADED IN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EQUIPMENT SOLD (NOT TRADED)

 

WHAT KIND                            DATE SOLD                 DATE BOUGHT                                  SOLD ($)                      

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER EXPENSES OR COMMENTS