BUSINESS TAX PREPARATION CHECKLIST
I N C O M E
Gross receipts from sales or services
Beginning inventory (if applicable)
Ending Inventory (if applicable)
Returns and allowances
Business checking/savings account interest (1099-INT)
TRANSPORTATION and TRAVEL EXPENSES
Business trip (mileage)
Business logs or receipts.
Travel away from home
Airfare or mileage log book
Meals and tips
Internet connection (paid)
ADDITIONAL BUSINESS EXPENSES
Commissions paid to subcontractors
File Form 1099-MISC and 1096 as necessary
Sales price and disposition date of any assets sold
Employer-paid pension/profit sharing contributions
Employer-paid HSA contributions
Employer-paid health insurance premiums
Cost of other fringe benefits
Casualty loss insurance
Errors and omissions
Mortgage interest on building owned by business
Business loan interest
Pens, paper, staples, etc.
Office space rent
Business-use vehicle lease expense
Square footage of office space.
Total square footage of home.
Mortgage interest or rent paid
Wages paid to employees
Form W-2 and W-3 Federal and state payroll returns.
Repairs and maintenance