Mike Olmsted, CPA
1661 Fair Meadow Trail
South Lake Tahoe, CA 96150
530.544.0231
E-mail: info@mikeolmsted.com
BUSINESS INCOME / EXPENSE - Schedule C -
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What is the main business activity?________________________________________________________________________________________________ |
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Business Name_____________________________________________________________________________________ |
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Business Address____________________________________________________________________________________ |
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How much is your TOTAL business income ? $____________________
HOW MANY MILES DID YOU DRIVE FOR BUSINESS PURPOSES? _______________________________
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Merchandise |
$________________ |
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Real Estate Taxes |
$________________ | |
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Costs of Goods |
$________________ |
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Other Taxes & Licenses |
$________________ | |
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Materials & Supplies |
$________________ |
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Travel (no meals) |
$________________ | |
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Advertising |
$________________ |
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Meals & Entertainment |
$________________ | |
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Bad Debts |
$________________ |
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Utilities & Telephone |
$________________ | |
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Car & Truck Expense |
$________________ |
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Wages & Salaries |
$________________ | |
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Commissions |
$________________ |
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Bank Service Charges |
$________________ | |
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Insurance (other than health) |
$________________ |
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Tools |
$________________ | |
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Mortgage Interest |
$________________ |
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Uniforms |
$________________ | |
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Other Interest Paid |
$________________ |
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Safety Items |
$________________ | |
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Legal & Professional Fees |
$________________ |
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Freight & Shipping |
$________________ | |
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Office Expenses |
$________________ |
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Dues & Publications |
$________________ | |
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Rent on Business Property |
$________________ |
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Laundry & Cleaning |
$________________ | |
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Equipment Rentals |
$________________ |
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(other) |
$________________ | |
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Repairs |
$________________ |
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(other) |
$________________ | |
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Supplies |
$________________ |
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(other) |
$______________
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Do you have any tools and equipment from prior years?_________________________
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INCOME FROM PROPERTY RENTS - Schedule E
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RENTAL 1 |
RENTAL 2 |
RENTAL 3 |
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Rents Received (Attach all 1099s) |
$__________________ |
$__________________ |
$__________________ |
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Advertising Costs |
$__________________ |
$__________________ |
$__________________ |
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Association Dues |
$__________________ |
$__________________ |
$__________________ |
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Auto & Travel |
$__________________ |
$__________________ |
$__________________ |
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Cleaning & Maintenance |
$__________________ |
$__________________ |
$__________________ |
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Commissions |
$__________________ |
$__________________ |
$__________________ |
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Gardening |
$__________________ |
$__________________ |
$__________________ |
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Insurance |
$__________________ |
$__________________ |
$__________________ |
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Legal & Professional Fees |
$__________________ |
$__________________ |
$__________________ |
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Licenses & Permits |
$__________________ |
$__________________ |
$__________________ |
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Management Fees |
$__________________ |
$__________________ |
$__________________ |
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Miscellaneous |
$__________________ |
$__________________ |
$__________________ |
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Mortgage Interest |
$__________________ |
$__________________ |
$__________________ |
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Other Interest Paid |
$__________________ |
$__________________ |
$__________________ |
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Painting & Decorating |
$__________________ |
$__________________ |
$__________________ |
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Painting Equipment ( brushes, ladders, etc. ) |
$__________________ |
$__________________ |
$__________________ |
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Pest Control |
$__________________ |
$__________________ |
$__________________ |
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Plumbing & Electrical |
$__________________ |
$__________________ |
$__________________ |
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Repairs |
$__________________ |
$__________________ |
$__________________ |
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Supplies |
$__________________ |
$__________________ |
$__________________ |
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Cleaning Supplies |
$__________________ |
$__________________ |
$__________________ |
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Tools |
$__________________ |
$__________________ |
$__________________ |
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Taxes |
$__________________ |
$__________________ |
$__________________ |
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Telephone |
$__________________ |
$__________________ |
$__________________ |
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Utilities |
$__________________ |
$__________________ |
$__________________ |
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Wages & Salaries |
$__________________ |
$__________________ |
$__________________ |
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Other (list) |
$__________________ |
$__________________ |
$__________________ |
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Other (list) |
$__________________ |
$__________________ |
$__________________ |
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Other (list) |
$__________________ |
$__________________ |
$__________________ |
RENTAL INCOME (Detail)
What type of property is the rental? (i.e. four bedroom house, warehouse, trailer park, etc.)
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RENTAL 1________________________ |
RENTAL 2________________________ |
RENTAL 3________________________ |
When did you purchase your rental property? (Mm/Yy)
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RENTAL 1................_______/_______ |
RENTAL 2................_______/_______ |
RENTAL 3 ...............________/_______ |
How much did the rental property cost you?
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RENTAL 1 $______________________ |
RENTAL 2 $______________________ |
RENTAL 3 $_____________________ |
Did you have any Farm Rental Income? __________ If yes, attach information. Did you have any Royalties? __________If yes, attach information & 1099s.
Did you receive an Education Distribution?______
_______________________________________________________________________________________________________________________
EMPLOYEE BUSINESS EXPENSE
Did you use your personal vehicle to run errands, chase parts, carry job tools, etc. for your employer? Include Job Hunting.
Please explain : ______________________________________________________________________
How many miles did you drive for the year ? ________________ How many miles did you drive for business ? ________________
Description of vehicle: Make ______________ Model _________________ Year_________________
Did you purchase an automobile last year ? ________________ Please enclose purchase papers.
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Auto License Fee |
$__________________ |
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Auto Sales Tax |
$__________________ |
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Auto Interest |
$__________________ |
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Parking & Tolls |
$__________________ |
OPTIONAL
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Oil & Lubrication |
$__________________ |
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Auto Club |
$__________________ |
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Washing & Polishing |
$__________________ |
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Tires, Batteries, Etc. |
$__________________ |
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Repairs |
$__________________ |
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Insurance |
$__________________ |
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Fuel |
$__________________ |
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Other ( list ) |
$__________________ |
TRAVEL & EXPENSES OTHER THAN AUTO
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Plane & Rail Fares |
$__________________ |
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Bus Fares |
$__________________ |
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Taxi & Public Transit |
$__________________ |
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Car Rentals |
$__________________ |
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Lodging |
$__________________ |
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Meals |
$__________________ |
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Telephone, Fax, Postage |
$__________________ |
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Tips & Baggage Charge |
$__________________ |
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Laundry & Cleaning |
$__________________ |
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Other ( list ) |
$__________________ |
SALES EXPENSE
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Lunches, Dinners, Etc. |
$__________________ |
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Show & Event Tickets |
$__________________ |
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Organization Dues |
$__________________ |
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Gifts |
$__________________ |
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Stationary & Postage |
$__________________ |
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Basic Phone |
$__________________ |
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Long Distance Phone |
$__________________ |
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Other ( list ) |
$__________________ |
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Did you make any modifications to your home for the handicapped ? Please Describe :_____________________________________
Cost of modifications $______________________________
Did you move last year? ___________ How many miles did you move? ___________ Date Moved ____/____/____
Transportation Cost $___________ Storage Cost $__________ Travel & Lodging $___________
How much were you reimbursed that was not included in your wages? $___________
Did you or your spouse contribute to a REGULAR IRA, ROTH IRA, SIMPLE or KEOGH ? $_____________________________
Do you or your spouse have a retirement plan at work ? ________________________________
Did you pay alimony ? _________ How much ? ____________________________________