Expenses Worksheet11.pdf

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BUSINESS EXPENSE requires written backup
BUSINESS INCOME & EXPENSES WORKSHEET
Name: ______________________________________ Tax Year __________________
page 1 of 1
GROSS RECEIPTS AND SALES (Total income for this tax year) .................................................................
$
RETURNS & ALLOWANCES (Refunds to customers) ..................................................................................
$
BEGINNING INVENTORY (if any) (Always 0 in first year of business) .........................................................
$
PURCHASES of items to resell as they are ...................................................................................................
$
PERSONAL USE ITEMS ...............................................................................................................................
$
Cost of CONTRACT LABOR (Not Employee Wages) ....................................................................................
$
Cost of MATERIALS that went into your finished product ..............................................................................
$
ENDING INVENTORY ....................................................................................................................................
$
If this business is a Corporation or Partnership, DO NOT USE THIS SECTION.
Use the Worksheet for those types of businesses.
BUSINESS EXPENSES
Only enter expenses into 1 category, do not double-enter. If unsure how to classify, place in “Other Expenses” with description
ADVERTISING ................................................................................................................................................
$
BAD DEBTS (Accrual only) .............................................................................................................................
$
COMMISSIONS (PAID BY YOU) ....................................................................................................................
$
MEDICAL REIMBURSEMENT PLAN .............................................................................................................
$
EDUCATION REIMBURSEMENT PLAN .......................................................................................................
$
EMPLOYEE REIMBURSEMENTS .................................................................................................................
$
INSURANCE (except Health, Home, or Auto) ................................................................................................
$
INTEREST (except Home or Auto) ................................................................................................................
$
LEGAL/PROFESSIONAL ................................................................................................................................
$
OFFICE EXPENSE .........................................................................................................................................
$
PENSION PLANS............................................................................................................................................
$
RENT OF VEHICLES/EQUIPMENT ...............................................................................................................
$
RENT OF PROPERTY (except Home) ...........................................................................................................
$
REPAIARS & MAINTENANCE (other than Home or Auto) ............................................................................
$
SUPPLIES .......................................................................................................................................................
$
TAXES & LICENSES (other than Home or Auto) ...........................................................................................
$
TRAVEL EXPENSE (requires written backup) ................................................................................................
$
MEALS & ENTERTAINMENT (requires written backup) ................................................................................
$
UTILITIES (other than Home) .........................................................................................................................
$
PHONE (business only) ..................................................................................................................................
$
WAGES (paid by business/w-2’s filed) ...........................................................................................................
$
OTHER ............................................................................................................................................................
$
OTHER ............................................................................................................................................................
$
OTHER ............................................................................................................................................................
$
OTHER (make separate list if too many to list on this page) .........................................................................
$