Schedule-C Profit & Loss
Use this form to enter profit and loss amounts and explanations, be sure to add files with supporting documents example, bank statements, ledgers and/or receipts.

  • Leave (Blank) if name is NOT different from yours.

    Example: if you do not have an LLC, PA fictitious name or company opened then leave it blank because you are using your own name and social.
  • Please enter full legal name, make to add LLC, INC, CORP ETC..

  • Anyone who is paid at least $600 within the calendar year must be reported to the IRS.
  • If you are entering this profit and loss for the whole year at once, please choose the "Annual Report" Option.

  • Income (Gross Receipts)

    Enter All Business Income. Do not exclude any amounts.
  • Select all that applied to you.
  • You must upload all 12 bank statements here, if you have paper ledgers and worksheets you must upload them here as well. You must support the income stated above.
  • $ .

    *WARNING Do not add income already reported on forms 1099-NEC, 1099-MISC or 1099-K.

    Add all (12) Bank Statements deposits and credits.

    This means all sales income of the Business, This includes but not limited to Cash, Checks, Credit card sales etc...

  • You must upload all 12 bank statements here, if you have paper ledgers and worksheets you must upload them here as well. You must support the income stated above.

  • Deduction and Expenses:

  • $ .

    Add up all expenses like Flyers, Websites, business cards, Uniforms, marketing, craigslist ad postings etc...
  • $ .
    Add up all the amounts paid to companies that you have not already reported under 1099-Nec form.

  • $ .

    Add up all expenses you had in the form of commissions, this are funds paid for refferals or business leads.
  • $ .
    Add up all expenses you had in the form of commissions, this are funds paid for refferals or business leads.

  • Wages and Compensation:

  • $ .
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  • Other Deductions NOT mentioned above.

    You will use the following lines to enter any other expenses not mentioned above. Make sure to describe each expense.
  • Example: Fuel, Tires, or any other specific item not mentioned above.
  • $ .
  • Example: Fuel, Tires, or any other specific item not mentioned above.
  • $ .
  • Example: Fuel, Tires, or any other specific item not mentioned above.
  • $ .
  • Example: Fuel, Tires, or any other specific item not mentioned above.
  • $ .
  • Example: Fuel, Tires, or any other specific item not mentioned above.
  • $ .
  • Example: Fuel, Tires, or any other specific item not mentioned above.
  • $ .
  • Example: Fuel, Tires, or any other specific item not mentioned above.
  • $ .
  • Example: Fuel, Tires, or any other specific item not mentioned above.
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  • Example: Fuel, Tires, or any other specific item not mentioned above.
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  • Example: Fuel, Tires, or any other specific item not mentioned above.
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  • Profit and Loss Summary:

  • $ .

  • The above amount is used to report the profit or the loss of the business.

    You do not necessarily need to have an incorporated business to be treated as a business entity. Example: If you are operating a COOKING business from home and you still have not incorporated, you are already considered self-employed.

  • Self-employed tax are reported together with your personal tax returns.

    personal tax returns are form 1040. If you are self-employed. you must attach schedule-C forms to your personal 1040 in order to properly file your self-employed tax returns.

  • Use this space below to enter any questionable transaction:
  • Example: if you are not sure of a certain deduction, or which category to enter expenses.