_____________________________________________________________________________________________

    PROFIT or (loss) FROM BUSINESS OR PROFESSION
    If you operate more than one business, or you and your spouse had separate businesses, please complete
    separate schedule for each business.
    Business Ein# : __________        Primary owner of business (T= taxpayer S= spouse) _____
    Was the business acquired after 10/22/86        ______YES     _____ NO
    Principal Business or Profession type: ________________________________________

    Date Business was incorporated:   ___________________________________________

    Business Name and Address________________________________________________

    _______________________________________________________________________

    Accounting Method:    ________Cash                ______ Accrual         _____other (specify)
    Are you deducting expenses for the business use of your home?                         ____YES     ____NO
    If yes please provide Sq. Footage of the entire home___________
    Please provide the Sq footage of the area used for business__________________

    Did you materially participate in the operation of the business during 2005?        ____YES     ____NO

    Is this the first schedule filed for this business?                                                     ____YES     ____NO

    Check the line that describes your investment in this business activity?
    ____ All investment at risk                  ____Some investment at risk

    INCOME:
  • Gross receipts or sales                                Total income  $ ____________________

  • Sales returns and allowances                                            $ ____________________

  • Other income                                                                     $ ____________________

  • Cost of GOODS SOLD        
  • Amount of inventory at beginning of the year                     $_____________________

  • Purchases (less the amount for personal use)                   $_____________________

  • Cost of labor (exclude salary paid to yourself)                   $_____________________

  • Materials and supplies                                                       $_____________________

  • Other costs                                                                        $_____________________

  • Inventory at the end of year                                               $_____________________

DEDUCTIONS
  • Advertising                                                                         $_____________________

  • Bad debts from sales or services                                       $_____________________
    Vehicle expenses        
  •  Maintenance- oil changes, tires etc.       Total $____________________
  •        Repairs                                                      $____________________  

  • Commissions and fees                                                        $_____________________

  • Freight costs                                                                       $_____________________

  • Insurance (other than health)                                              $_____________________

  • Mortgage interest (paid to banks etc.)                                 $_____________________

  • Other interest                                                                       $____________________

  • Legal and professional services                                          $_____________________

  • Office expenses                                                                   $_____________________

  • Rent of machinery and equipment                                       $_____________________

  • Rent on other business property                                         $_____________________

  • Supplies (not included in cost of goods sold)                      $_____________________

  • Taxes and licenses                                                              $_____________________

  • Travel expense (plane tickets etc)                                       $_____________________

  • Meals and entertainment                                                     $_____________________

  • Utilities and telephone expense                                           $_____________________

      Labor expenses                                                               $_____________________
                    
  • Total business miles driven ___________________

  • Signature________________________date____________________________________________

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