2013Sole Proprietor Income and Expenses Organizer
Please use additional copies for other businesses
Please use only for income and expenses earned or paid for as a sole proprietor
Please use the Business Entity Organizer for income and expenses under an S or C corporation
(or an LLC taxed as an S or C corporation)
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General Information
1. Check ownership[] Taxpayer[] Spouse[] Joint
2. Business name______
3. Business address______
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4. Principle business/profession ______
5. Employer ID number______
6. Accounting method [] Cash[] Accrual [] Not sure
YesNo Not Sure
7. Did you materially participate in the operation of the business in 2013? [] [][]
8. Did you acquire or start the business in 2013? [] [][]
9. Is all of the investment in this activity at risk? [] [][]
10. Did you use a car or truck for business? [] [][]
If yes please complete the Car and Truck Expense Organizer
11. Did you have a home office for this business? [] [][]
If yes please complete the Home Office Organizer
12. Did you purchaseor lease any equipment, furniture or vehicles? [] [] []
If yes please complete the new asset acquired sheet at the bottom of this organizer
13. Does your business flip real estate?[] []
If yes please complete the real estate flipping supplement
14.Did you make any payments in 2013 that would require you to file Form1099?
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15. If yes did you or will you file all required forms?[] []
Special Note: Please understand that just because you may believe you have a business it does not mean that the IRS will believe that you have a business. In order for this activity to be considered a business by the IRS you must have a profit motive. The IRS determines your motive based mainly on 9 objective standards. If your business has a loss and especially if the business had little or no income your profit motive may be questioned. For more information go to watch my video Is Your Business a Business.
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Please send QuickBooks Backup File or complete the income and expense questions below
What is the QuickBooks username______
What is the QuickBooks password______
Income
Gross income or sales______
Returns or allowances______
Other Income______
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Cost of Goods Sold – If Applicable Use this section only if you sell items for which you keep an inventory on hand
Inventory at the beginning of the year______
Inventory purchases for 2013______
Cost of labor______
Materials and supplies______
Other costs______
Inventory at end of year______
Cost of goods sold (if you don’t know we will
calculate it for you)______
Expenses
Advertising______
Books & Publications______
Commissions and fees______
Contract labor______
Dues & Subscriptions______
Education & Seminars______
Employee benefit programs______
Insurance – other than health ______
Health insurance for taxpayer (not employees)______
Health insurance for employees (not taxpayer)______
Interest
Mortgage ______
Other______
Legal and professional services______
Office expenses______
Pension and Profit –sharing plans ______
Rent or lease
Machinery and equipment______
Other business property______
Repairs and maintenance______
Supplies not included in cost of goods sold______
Taxes and licenses______
Travel______
Meals subject to 50% limit______
Meals not subject to limit______
Utilities______
Wages______
Other expenses
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Qualified pension plans start-up costs______
Cell Phone Expense
This is another area that the IRS is focusing on. Cell phone expenses must be apportioned for business and personal use. The IRS does not believe that cell phones are used 100% for business unless you have a separate cell phone for each. We must report the personal and business use percentage on the tax return. These percentages should be supported by a written record such as your cell phone bills with calls marked as business or personal.
Total Cell Phone Expenses______
Business % ______Personal % ______
Real Estate Flipping Supplement
Please do not include any of the information on this page in the expenses on the previous page.
Property Purchases
Address ______Purchase Price ______Purchase Date ______
Property Taxes paid ______Interest Paid ______Repairs & rehab ______Other exp ______Sale price ______Sale Date ______Selling costs (commissions, closing costs, etc) ______If you carried back the financing on the sale Down payment ______Principle payments ______Interest ______
Address ______Purchase Price ______Purchase Date ______
Property Taxes paid ______Interest Paid ______Repairs & rehab ______Other exp ______Sale price ______Sale Date ______Selling costs (commissions, closing costs, etc) ______If you carried back the financing on the sale Down payment ______Principle payments ______Interest ______
Address ______Purchase Price ______Purchase Date ______
Property Taxes paid ______Interest Paid ______Repairs & rehab ______Other exp ______Sale price ______Sale Date ______Selling costs (commissions, closing costs, etc) ______If you carried back the financing on the sale Down payment ______Principle payments ______Interest ______
Address ______Purchase Price ______Purchase Date ______
Property Taxes paid ______Interest Paid ______Repairs & rehab ______Other exp ______Sale price ______Sale Date ______Selling costs (commissions, closing costs, etc) ______If you carried back the financing on the sale Down payment ______Principle payments ______Interest ______
Address ______Purchase Price ______Purchase Date ______
Property Taxes paid ______Interest Paid ______Repairs & rehab ______Other exp ______Sale price ______Sale Date ______Selling costs (commissions, closing costs, etc) ______If you carried back the financing on the sale Down payment ______Principle payments ______Interest ______
Address ______Purchase Price ______Purchase Date ______
Property Taxes paid ______Interest Paid ______Repairs & rehab ______Other exp ______Sale price ______Sale Date ______Selling costs (commissions, closing costs, etc) ______If you carried back the financing on the sale Down payment ______Principle payments ______Interest ______
Address ______Purchase Price ______Purchase Date ______
Property Taxes paid ______Interest Paid ______Repairs & rehab ______Other exp ______Sale price ______Sale Date ______Selling costs (commissions, closing costs, etc) ______If you carried back the financing on the sale Down payment ______Principle payments ______Interest ______
Address ______Purchase Price ______Purchase Date ______
Property Taxes paid ______Interest Paid ______Repairs & rehab ______Other exp ______Sale price ______Sale Date ______Selling costs (commissions, closing costs, etc) ______If you carried back the financing on the sale Down payment ______Principle payments ______Interest ______
New Assets Acquired Sheet
Please complete if you have purchased any equipment, furniture, vehicles, fixtures or real estate
Business ______Your Name ______
Asset Description CostDate Cost included in
expenses above
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