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SCHEDULE C-EZ Net Profit From Business (Form 1040) (Sole ...

OMB No. 1545-0074 SCHEDULE C-EZ (Form 1040) Net Profit From Business (Sole Proprietorship) Partnerships, joint ventures, etc., must file form 1065 or of the TreasuryInternal Revenue ServiceAttachmentSequence No. 09A Attach to form 1040 or 1041. See instructions on name. If no separate Business name, leave ID number (EIN), if anyBusiness address (including suite or room no.). Address not required if same as on form 1040, page receipts. Caution. If this income was reported to you on form W-2 and the Statutoryemployee box on that form was checked, see Statutory Employees in the instructions forSchedule C, line 1, on page C-3 and check here 122 Total expenses (see instructions). If more than $5,000, you mustuse SCHEDULE C33 Net Profit . Subtract line 2 from line 1. If less than zero, you mustuse SCHEDULE C. Enter onForm 1040, line 12, andalsoonSchedule SE, line 2. (Statutory employees do not report thisamount on SCHEDULE SE, line 2.)

SCHEDULE C-EZ OMB No. 1545-0074 (Form 1040) Net Profit From Business (Sole Proprietorship) Partnerships, joint ventures, etc., must file Form 1065 or 1065-B. Department of the Treasury

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Transcription of SCHEDULE C-EZ Net Profit From Business (Form 1040) (Sole ...

1 OMB No. 1545-0074 SCHEDULE C-EZ (Form 1040) Net Profit From Business (Sole Proprietorship) Partnerships, joint ventures, etc., must file form 1065 or of the TreasuryInternal Revenue ServiceAttachmentSequence No. 09A Attach to form 1040 or 1041. See instructions on name. If no separate Business name, leave ID number (EIN), if anyBusiness address (including suite or room no.). Address not required if same as on form 1040, page receipts. Caution. If this income was reported to you on form W-2 and the Statutoryemployee box on that form was checked, see Statutory Employees in the instructions forSchedule C, line 1, on page C-3 and check here 122 Total expenses (see instructions). If more than $5,000, you mustuse SCHEDULE C33 Net Profit . Subtract line 2 from line 1. If less than zero, you mustuse SCHEDULE C. Enter onForm 1040, line 12, andalsoonSchedule SE, line 2. (Statutory employees do not report thisamount on SCHEDULE SE, line 2.)

2 Estates and trusts, enter on form 1041, line 3.) SCHEDULE C-EZ ( form 1040) 2005 For Paperwork Reduction Act Notice, see page No. 14374 DCity, town or post office, state, and ZIP codeYou May UseSchedule C-EZInstead ofSchedule COnly If You:And You: Use the cash method of accounting. Had only one Business as either asole proprietor or statutoryemployee. Had Business expenses of $5,000 orless. Are not required to file form 4562,Depreciation and Amortization, forthis Business . See the instructionsfor SCHEDULE C, line 13, on pageC-4 to find out if you must file. Do not deduct expenses forbusiness use of your home. Do not have prior year unallowedpassive activity losses from thisbusiness. Name of proprietorSocial security number (SSN)General InformationAPrincipal Business or profession, including product or serviceBEnter code from pages C-8, 9, & 10 Figure Your Net ProfitPart IPart II Did not have a net loss from yourbusiness.

3 Had no employees during the Did not have an inventory at anytime during the sN oDo you (or your spouse) have another vehicle available for personal use?6Ye sN oDo you have evidence to support your deduction?8aYe sN oIf Yes, is the evidence written?Ye sNoWas your vehicle available for personal use during off-duty hours?7Of the total number of miles you drove your vehicle during 2005, enter the number of miles you used your vehicle for:54 Information on Your Vehicle. Complete this part onlyif you are claiming car or truck expenses on line IIIbWhen did you place your vehicle in service for Business purposes? (month, day, year) .//2005aBusinessbCommuting (see instructions)cOtherPage2 SCHEDULE C-EZ ( form 1040) 2005 Line 2If you claim car or truck expenses, be sure to completeSchedule C-EZ, Part can use SCHEDULE C-EZ instead of SCHEDULE C if youoperated a Business or practiced a profession as a soleproprietorship or you were a statutory employee and youhave met all the requirements listed in SCHEDULE C-EZ, Part DLine ELine BLine 1 Line ADescribe the Business or professional activity that providedyour principal source of income reported on line 1.

4 Give thegeneral field or activity and the type of product or the six-digit code that identifies your principal businessor professional activity. See pages C-8 through C-10 of theInstructions for SCHEDULE C for the list of need an employer identification number (EIN) only if youhad a qualified retirement plan or were required to file anemployment, excise, estate, trust, or alcohol, tobacco, andfirearms tax return. If you need an EIN, see the Instructionsfor form SS-4. If you do not have an EIN, leave line D not enter your your Business address. Show a street address insteadof a box number. Include the suite or room number, if gross receipts from your trade or Business . Includeamounts you received in your trade or Business that wereproperly shown on Forms 1099-MISC. If the total amountsthat were reported in box 7 of Forms 1099-MISC are morethan the total you are reporting on line 1, attach a statementexplaining the difference.

5 You must show all items of taxableincome actually or constructively received during the year (incash, property, or services). Income is constructively receivedwhen it is credited to your account or set aside for you touse. Do not offset this amount by any utilities (including telephone). For details, see theinstructions for SCHEDULE C, Parts II and V, on pages C-3through C-7. If you wish, you can use the optional worksheetbelow to record your expenses. Enter on lines bthroughgthe type and amount of expenses not included on line Worksheet for Line 2 (keep a copy for your records)aDeductible Business meals and entertainment (see page C-5) lines here and on line 2aSchedule C-EZ ( form 1040) 2005bcdefghLine 5bGenerally, commuting is travel between your home and awork location. If you converted your vehicle during the yearfrom personal to Business use (or vice versa), enter yourcommuting miles only for the period you drove your vehiclefor Business .

6 For information on certain travel that isconsidered a Business expense rather than commuting, seethe Instructions for form Reduction Act Notice. We ask for theinformation on this form to carry out the Internal Revenuelaws of the United States. You are required to give us theinformation. We need it to ensure that you are complyingwith these laws and to allow us to figure and collect the rightamount of are not required to provide the information requestedon a form that is subject to the Paperwork Reduction Actunless the form displays a valid OMB control number. Booksor records relating to a form or its instructions must beretained as long as their contents may become material inthe administration of any Internal Revenue law. Generally, taxreturns and return information are confidential, as required byInternal Revenue Code section time needed to complete and file this form will varydepending on individual circumstances.

7 The estimated burdenfor individual taxpayers filing this form is included in theestimates shown in the instructions for their individual incometax return. The estimated burden for all other taxpayers whofile this form is approved under OMB control number1545-1973 and is shown about the law or the form4 the form35 , assembling, and sending the form to the IRS20 you have comments concerning the accuracy of thesetime estimates or suggestions for making this form simpler,we would be happy to hear from you. See the instructions forthe tax return with which this form is the total amount of all deductible Business expensesyou actually paid during the year. Examples of theseexpenses include advertising, car and truck expenses,commissions and fees, insurance, interest, legal andprofessional services, office expense, rent or lease expenses,repairs and maintenance, supplies, taxes, travel, theallowable percentage of Business meals and entertainment.


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