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) ......................................................................... $
Resume Templates 1210 Document(s)
