Home Business - Small Business

Tax Preparation Checklist

Annual Business Income Figures

Gross receipts from sales or services

Sales records (accrual based taxpayers)

Beginning inventory

Ending Inventory

Returns and allowances

Business checking and savings account interest (1099-INT or statement)

 TurboTax Home and Business Tax FilingOffice Expenses

Repairs

Maintenance of business facility

Cleaning expenses

Additions / expansions

Transportation and Travel Expenses

Local Transportation (mileage) log

Business trip (mileage) log

Tax year log or receipts for public transportation, parking and tolls.

>> Travel expenses away from home

Airfare or mileage (actual expense if drove)

Hotels and Lodging or Office Rentals

Meals and tips

Small Business and Home Business Tax SupportTaxes and tips

Internet connection (hotel, Internet café, etc.)

Additional Expenses

Annual Advertising Expenses

Commissions paid to subcontractors

File Form 1099-MISC and 1096

Depreciation

Cost and acquisition date of assets

Sales price and disposition date of any assets sold

Fringe benefits

Employer-paid pension/profit sharing contributions

Employer-paid HSA contributions

Employer-paid health insurance premiums

Cost of other fringe benefits

H&R Block Home and Business Tax FilingBusiness insurance

Casualty loss insurance

Errors and omissions

Other occupational insurance

Interest expense

Business mortgage interest

Business loan interest

Attorney or Legal fees

Office supplies

Office products: Pens, paper, staples, etc.

Rent expense: Office space rent

Business-use vehicle lease expense

Home office expense

Square footage of home office space (hours of use if daycare)

Total square footage of home (not applicable for daycare)

Mortgage interest or rent paid

Utilities

Wages paid to employees

Form W-2 and W-3 Federal and state payroll returns (Form 940, etc.)