Use this sheet to document yearly income/expenses for your business to attach to your return. Please upload any additional documents in the section provided.
ONLY COMPLETE SECTIONS THAT'S APPLICABLE TO YOUR BUSINESS.
Schedule C Worksheet for Business
Income
Cost of Goods Sold (COGS)
Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. This amount includes the cost of the materials and labor directly used to create the good. It excludes indirect expenses, such as distribution costs and sales force costs.
** RETAIL BUSINESSES**
Expenses
General Expenses
List total amounts spent per expense:
Expenses Could Be:
Advertising, Commissions & Fees, Insurance, Health Insurance, Mortgage Interest (if paid for Business, Other Interest Paid, Professional Fees, Office Expenses, Rent on Business Property, Equipment Rentals, Business Telephone, Repairs and Maintenance, Supplies (not included above), Real Estate Taxes, Other Taxes (Payroll), Travel, Meals & Entertainment, Utilities, Wages (W2's issued), Bank and Credit Card Fees, Tools, Uniforms, License/Dues, etc.
Vehicle Expenses
Depreciation
Asset #1
Asset #2
Asset #3
Business Use of Home
Verification