A Schedule C Expenses Worksheet is a tax form used to calculate business expenses for self-employed individuals or sole proprietors. It is part of the Form 1040, which is the annual tax return filed with the Internal Revenue Service (IRS). The Schedule C Expenses Worksheet helps individuals itemize their business expenses, which can then be deducted from their gross income to determine their taxable income.
The Schedule C Expenses Worksheet covers a wide range of business expenses, including advertising, car and truck expenses, commissions and fees, contract labor, depreciation, employee benefits, insurance, interest, legal and professional services, office expenses, pension and profit-sharing plans, rent or lease, repairs and maintenance, supplies, taxes and licenses, travel, and utilities.
