PA Schedule C - Profit or Loss From Business or Profession - Pennsylvania

Name of owner as shown on PA tax return:
A. Main business activity Product or service
B. Business name
D. Business address (number and street)
City, State and ZIP Code
E. Method(s) used to value closing inventory. Fill in the appropriate oval:
(1) Cost (2) Lower of cost or market
(3) Other (if other, attach explanation)
F. Accounting method. Fill in the appropriate oval:
(1) Cash (2) Accrual (3) Other (specify) . . . . . . . . . . . . . . . . . . . .
Yes No
G. Was there any change in determining quantities, costs, or valuations . . . . . . . . . . . . . . . . .
between opening and closing inventory? If “Yes,” submit explanation.
H. Did you deduct expenses for an office in your home? . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I. If the business is out of existence, fill in this oval. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1403110057
PA Schedule C
Profit or Loss From
Business or Profession
(SOLE PROPRIETORSHIP)
PA-40 C (08-14)
(FI)
PA DEPARTMENT OF REVENUE
20
OFFICIAL USE ONLY
Include with Form PA-40, PA-20S/PA-65 or PA-41
40. Total adjusted expenses (subtract Line 39 from Line 38).
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
40
41. Net profit or loss (subtract Line 40 from Line 5). If a net loss, fill in the oval. Enter the result on your PA tax return. . . . . . . . . .Loss 41.
1. a. Gross receipts or sales . . . . . . . . . . . . . . . . . . . . . . . . . . 1a.
b. Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . . 1b.
c. Balance (subtract Line 1b from Line 1a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c.
2. Cost of goods sold and/or operations (Schedule C-1, Line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.
3. Gross profit (subtract Line 2 from Line 1c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.
4. Other Income (submit statement). Include interest from accounts receivable, business checking accounts
4.
and other business accounts. Also include sales of operational assets.
5. Total income (add Lines 3 and 4)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
t
t
t
t
t
t
Owner’s
Social Security number
C
C. Federal Employer Identification Number
Federal NAICS Code
Sales Tax License Number (if applicable)
6. Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7. Amortization . . . . . . . . . . . . . . . . . . . . . . . . . . .
8. Bad debts from sales or services . . . . . . . . . . . .
9. Bank charges . . . . . . . . . . . . . . . . . . . . . . . . . .
10. Car and truck expenses . . . . . . . . . . . . . . . . . . .
11. Commissions . . . . . . . . . . . . . . . . . . . . . . . . . .
12. Cost depletion but not percentage depletion . . . .
13. a. Regular depreciation . . . . . . . . . . . . . . . . .
13. b. Section 179 expense . . . . . . . . . . . . . . . .
14. Dues and publications . . . . . . . . . . . . . . . . . . . .
15. Employee benefit programs other than on Line 23
16. Freight (not included on Schedule C-1) . . . . . . . .
17. Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18. Interest on business indebtedness . . . . . . . . . . .
19. Laundry and cleaning . . . . . . . . . . . . . . . . . . . .
20. Legal and professional services . . . . . . . . . . . . .
21. Management fees . . . . . . . . . . . . . . . . . . . . . . .
22. Office supplies . . . . . . . . . . . . . . . . . . . . . . . . .
23. Pension and profit-sharing plans for employees . .
24. Postage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25. Rent on business property . . . . . . . . . . . . . . . . .
26. Repairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27. Subcontractor fees . . . . . . . . . . . . . . . . . . . . . .
28. Supplies (not included on Schedule C-1) . . . . . .
29. Taxes
30. Telephone . . . . . . . . . . . . . . . . . . . . . . . . . . . .
31. Travel and entertainment . . . . . . . . . . . . . . . . . .
32. Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
33. Wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
34. IDCs (1/3 current expensing) . . . . . . . . . . . . . . .
35. IDCs (amortization) . . . . . . . . . . . . . . . . . . . . .
36. Start-up costs (direct expense) . . . . . . . . . . . . .
37. Other expenses (specify):
a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
f. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
g. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
h. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
37. Total other expenses . . . . . . . . . . . . . . . . . . . . .
38. Total expenses. (add Lines 6 through 37) . . . . . .
39. Reduce expenses by the total business
credits claimed (for example, Employment
Incentive Payments Credit) on your PA-40.
PART II Deductions
t
PART I Income
SIDE 1
1403110057
1403110057
Page 1/6
Free Download

PA Schedule C - Profit or Loss From Business or Profession - Pennsylvania PDF

Favor this template? Just fancy it by voting!
  •  
  •  
  •  
  •  
  •  
(0 Votes)
0.0
Related Forms
  •  
  •  
  •  
  •  
  •  
4 Page(s) | 1218 Views | 2 Downloads
  •  
  •  
  •  
  •  
  •  
2 Page(s) | 845 Views | 2 Downloads
  •  
  •  
  •  
  •  
  •  
4 Page(s) | 1518 Views | 3 Downloads
  •  
  •  
  •  
  •  
  •  
2 Page(s) | 767 Views | 2 Downloads
  •  
  •  
  •  
  •  
  •  
2 Page(s) | 823 Views | 1 Downloads