Schedule C-Ez (Form 1040) - Net Profit From Business - 2012 Page 2

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Schedule C-EZ (Form 1040) 2012
Page
Instructions
Line F
See the instructions for line I in the instructions for Schedule C to
Future developments. For the latest information about
help determine if you are required to file any Forms 1099.
developments related to Schedule C-EZ (Form 1040) and its
instructions, such as legislation enacted after they were published,
Line 1
go to
Enter gross receipts from your trade or business. Include amounts
!
you received in your trade or business that were properly shown on
Before you begin, see General Instructions in the 2012
Form 1099-MISC. If the total amounts that were reported in box 7 of
Instructions for Schedule C.
CAUTION
Forms 1099-MISC are more than the total you are reporting on line
You can use Schedule C-EZ instead of Schedule C if you
1, attach a statement explaining the difference. You must show all
operated a business or practiced a profession as a sole
items of taxable income actually or constructively received during
proprietorship or qualified joint venture, or you were a statutory
the year (in cash, property, or services). Income is constructively
employee and you have met all the requirements listed in Schedule
received when it is credited to your account or set aside for you to
C-EZ, Part I.
use. Do not offset this amount by any losses.
For more information on electing to be taxed as a qualified joint
Line 2
venture (including the possible social security benefits of this
election), see Husband-Wife Qualified Joint Venture in the
Enter the total amount of all deductible business expenses you
instructions for Schedule C. You can also go to IRS.gov, enter
actually paid during the year. Examples of these expenses include
“qualified joint venture” in the search box, and select “Election for
advertising, car and truck expenses, commissions and fees,
Husband and Wife Unincorporated Businesses.”
insurance, interest, legal and professional services, office expenses,
rent or lease expenses, repairs and maintenance, supplies, taxes,
Line A
travel, the allowable percentage of business meals and
Describe the business or professional activity that provided your
entertainment, and utilities (including telephone). For details, see the
principal source of income reported on line 1. Give the general field
instructions for Schedule C, Parts II and V. You can use the optional
or activity and the type of product or service.
worksheet below to record your expenses. Enter on lines b through
f the type and amount of expenses not included on line a.
Line B
If you claim car or truck expenses, be sure to complete Schedule
Enter the six-digit code that identifies your principal business or
C-EZ, Part III.
professional activity. See the instructions for Schedule C for the list
of codes.
Line 3
Line D
Nonresident aliens using Form 1040NR should also enter the total
on Schedule SE, line 2, if you are covered under the U.S. social
Enter on line D the employer identification number (EIN) that was issued to
security system due to an international social security agreement
you and in your name as a sole proprietor. If you are filing Form 1041, enter
currently in effect. See the Schedule SE instructions for information
the EIN issued to the estate or trust. Do not enter your SSN. Do not enter
on international social security agreements.
another taxpayer’s EIN (for example, from any Forms 1099-MISC that you
received). If you are the sole owner of a limited liability company (LLC), do
Line 5b
not enter on line D the EIN issued to the LLC, if any. If you do not have an
Generally, commuting is travel between your home and a work
EIN, leave line D blank.
location. If you converted your vehicle during the year from personal
You need an EIN only if you have a qualified retirement plan or
to business use (or vice versa), enter your commuting miles only for
are required to file an employment, excise, alcohol, tobacco, or
the period you drove your vehicle for business. For information on
firearms tax return, are a payer of gambling winnings, or are filing
certain travel that is considered a business expense rather than
Form 1041 for an estate or trust. If you need an EIN, see the
commuting, see the Instructions for Form 2106.
Instructions for Form SS-4.
Line E
Enter your business address. Show a street address instead of a
box number. Include the suite or room number, if any.
Optional Worksheet for Line 2 (keep a copy for your records)
a Deductible meals and entertainment (see the instructions for Schedule C, line 24b) .
a
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b
b
c
c
d
d
e
e
f
f
g Total. Add lines a through f. Enter here and on line 2
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g
Schedule C-EZ (Form 1040) 2012

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