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    Profit or Loss From Business: Schedule C (Form 1040) 09

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    Dunk7
    This document is IRS Form 1040 Schedule C for reporting profit or loss from a sole proprietorship business. It includes sections to report business income and expenses to calculate net profit or loss. The form requests identifying information about the business owner and type of business. It also includes sections to report gross receipts, returns and allowances, cost of goods sold, various business expenses, vehicle information, and an area to report other expenses not listed elsewhere.

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    Profit or Loss From Business: Schedule C (Form 1040) 09

    Uploaded by

    Dunk7
    97 views2 pages
    This document is IRS Form 1040 Schedule C for reporting profit or loss from a sole proprietorship business. It includes sections to report business income and expenses to calculate net profit or loss. The form requests identifying information about the business owner and type of business. It also includes sections to report gross receipts, returns and allowances, cost of goods sold, various business expenses, vehicle information, and an area to report other expenses not listed elsewhere.

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    This document is IRS Form 1040 Schedule C for reporting profit or loss from a sole proprietorship business. It includes sections to report business income and expenses to calculate net profit or loss. The form requests identifying information about the business owner and type of business. It also includes sections to report gross receipts, returns and allowances, cost of goods sold, various business expenses, vehicle information, and an area to report other expenses not listed elsewhere.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    97 views2 pages

    Profit or Loss From Business: Schedule C (Form 1040) 09

    Uploaded by

    Dunk7
    This document is IRS Form 1040 Schedule C for reporting profit or loss from a sole proprietorship business. It includes sections to report business income and expenses to calculate net profit or loss. The form requests identifying information about the business owner and type of business. It also includes sections to report gross receipts, returns and allowances, cost of goods sold, various business expenses, vehicle information, and an area to report other expenses not listed elsewhere.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    of 2

    SCHEDULE C (Form 1040)

    Department of the Treasury Internal Revenue Service (99) Name of proprietor


    For Attach

    Profit or Loss From Business


    (Sole Proprietorship)

    OMB No. 1545-0074

    information on Schedule C and its instructions, go to www.irs.gov/schedulec.


    to Form 1040, 1040NR, or 1041; partnerships generally must file Form 1065.

    Attachment Sequence No. 09

    2012

    Social security number (SSN)

    A C E F G H I J

    Principal business or profession, including product or service (see instructions) Business name. If no separate business name, leave blank. Business address (including suite or room no.)

    B Enter code from instructions

    D Employer ID number (EIN), (see instr.)

    City, town or post office, state, and ZIP code Cash (2) Accrual (3) Other (specify) Accounting method: (1) Did you materially participate in the operation of this business during 2012? If No, see instructions for limit on losses If you started or acquired this business during 2012, check here . . . . . . . . . . . . . . . . . Did you make any payments in 2012 that would require you to file Form(s) 1099? (see instructions) . If "Yes," did you or will you file required Forms 1099? . . . . . . . . . . . . . . . . . . . . . . . . . .

    Yes Yes Yes

    No No No

    Part I
    1 2 3 4 5 6 7 8 9 10 11 12 13

    Income

    . .

    Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you on Form W-2 and the Statutory employee box on that form was checked . . . . . . . . . Returns and allowances (see instructions) . . . . . . . . . . . . . . . . . . . . Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . Cost of goods sold (from line 42) . . . . . . . . . . . . . . . . . . . Gross profit. Subtract line 4 from line 3 . . . . . . . . . . . . . . . . . Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) . Gross income. Add lines 5 and 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    1 2 3 4 5 6 7

    Part II

    Expenses
    . . . . 8 9 10 11 12

    Enter expenses for business use of your home only on line 30.
    18 19 20 a b 21 22 23 24 a b 25 Office expense (see instructions) Pension and profit-sharing plans . Rent or lease (see instructions): Vehicles, machinery, and equipment Other business property . . . Repairs and maintenance . . . Supplies (not included in Part III) . Taxes and licenses . . . . . Travel, meals, and entertainment: Travel . . . . . . . . . Deductible meals and entertainment (see instructions) . Utilities . . . . . . . . Wages (less employment credits) . Other expenses (from line 48) . . Reserved for future use . . . . . . . .

    Advertising .

    18 19 20a 20b 21 22 23 24a 24b 25 26 27a 27b 28 29 30

    Car and truck expenses (see instructions) . . . . . Commissions and fees . Contract labor (see instructions) Depletion . . . . . Depreciation and section 179 expense deduction (not included in Part III) (see instructions) . . . . . Employee benefit programs (other than on line 19) . . Insurance (other than health) a b Interest: Mortgage (paid to banks, etc.) Other . . . . . . Legal and professional services

    13 14 15 16a 16b 17

    14 15 16

    17 28 29 30 31

    26 27a b

    Total expenses before expenses for business use of home. Add lines 8 through 27a .

    Tentative profit or (loss). Subtract line 28 from line 7 . . . . . . . . . . . . . . . . Expenses for business use of your home. Attach Form 8829. Do not report such expenses elsewhere . Net profit or (loss). Subtract line 30 from line 29. If a profit, enter on both Form 1040, line 12 (or Form 1040NR, line 13) and on Schedule SE, line 2. (If you checked the box on line 1, see instructions). Estates and trusts, enter on Form 1041, line 3. If a loss, you must go to line 32.

    . .

    31

    32

    If you have a loss, check the box that describes your investment in this activity (see instructions). If you checked 32a, enter the loss on both Form 1040, line 12, (or Form 1040NR, line 13) and on Schedule SE, line 2. (If you checked the box on line 1, see the line 31 instructions). Estates and trusts, enter on Form 1041, line 3. If you checked 32b, you must attach Form 6198. Your loss may be limited.

    32a 32b

    All investment is at risk. Some investment is not at risk.


    Schedule C (Form 1040) 2012

    For Paperwork Reduction Act Notice, see your tax return instructions.

    Cat. No. 11334P

    Schedule C (Form 1040) 2012

    Page 2

    Part III
    33 34

    Cost of Goods Sold (see instructions)

    Method(s) used to value closing inventory:

    Cost

    Lower of cost or market

    Other (attach explanation) . Yes No

    Was there any change in determining quantities, costs, or valuations between opening and closing inventory? If Yes, attach explanation . . . . . . . . . . . . . . . . . . . . . . . . . Inventory at beginning of year. If different from last years closing inventory, attach explanation . Purchases less cost of items withdrawn for personal use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 36 37 38 39 40 41 42

    35 36 37 38 39 40 41 42

    Cost of labor. Do not include any amounts paid to yourself . Materials and supplies Other costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    Add lines 35 through 39 . Inventory at end of year .

    Cost of goods sold. Subtract line 41 from line 40. Enter the result here and on line 4 .

    Part IV

    Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9 and are not required to file Form 4562 for this business. See the instructions for line 13 to find out if you must file Form 4562.

    43 44 a 45 46 47a b

    When did you place your vehicle in service for business purposes? (month, day, year)

    Of the total number of miles you drove your vehicle during 2012, enter the number of miles you used your vehicle for: Business b Commuting (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c Other . . . . . . . . . . . . . . . . . . . . Yes Yes Yes Yes No No No No

    Was your vehicle available for personal use during off-duty hours?

    Do you (or your spouse) have another vehicle available for personal use?. Do you have evidence to support your deduction? If Yes, is the evidence written? . . . . . . . . . . . . . . . . . . .

    Part V

    Other Expenses. List below business expenses not included on lines 826 or line 30.

    48

    Total other expenses. Enter here and on line 27a .

    48
    Schedule C (Form 1040) 2012

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