Your Income
- Sales records
- Gross receipts from services or sales
- W-2s, 1099-MISC, checks received, merchant statements & copies of invoices
- Returns and allowances
- Beginning inventory
- Ending inventory
- Inventory purchases throughout the year
- Items removed for personal purposes
- Sale of real estate or rent collected
- Partnership income, including Schedule K-1 and retirement contributions
- Investment, checking and savings account interest - Forms 1099-INT or statement
- Your 2011, 2010 and/or 2009 tax returns with information, such as Social Security Numbers, addresses, phone numbers and birthdays
Your Employee Wages
- Form W-2 and W-3 Federal and state payroll returns
- Documentation of pay to contractors with income reported on 1099-MISC forms
Your Travel & Transportation Expenses
- Airfare, mileage or actual expenses if method of travel was driving
- Meals and tips expenses
- Taxis and tips expenses
- Hotel expenses
- Entertainment expenses
- Internet expenses
Your Local Transportation Expenses
- Business trip mileage log
- Receipts or log for public transportation, tolls and parking.
Your Rent Expenses
- Office space rent
- Real Estate or facility maintenance & improvement expenses
- Real Estate Taxes and/or moving expenses
- Business-use vehicle lease expense
Your Interest Expenses
- Mortgage interest statements on business-owned real estate - Form 1098
- Business loan interest
- Legal fees
Your Depreciation Expenses
- Depreciation - assets' cost and first date of business use
- Depreciation - sales price and disposition date of any sold assets
Your Other Expenses
- Advertising
- Commissions paid to subcontractors as necessary - Forms 1099-MISC and 1096
- Repairs and maintenance of office and/or facility
- Mortgages, utilities, real estate and paid local & state taxes
- Office expenses, supplies & other consumables
- Commissions & paid benefits
Your Fringe Benefits
- Employer-paid health insurance premiums
- Employer-paid pension/profit sharing contributions
- Employer-paid HSA contributions
- Total cost of additional fringe benefits
Your Business Insurance
- Errors and omissions
- Casualty loss insurance
Your Home Office
- Total square footage of home (not applicable for daycare business)
- Square footage of office space (hours of use for daycare business)
- Utilities expenses
- Mortgage interest or rent paid
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