ITIN SCHEDULE C – SMALL BUSINESS TAXES
📄 1. ITIN SCHEDULE C
INCOME & EXPENSE AFFIDAVIT
Taxpayer Name: __________________________
ITIN: __________________________
Business Name (if any): __________________________
Type of Business Activity: __________________________
Tax Year: __________________________
BUSINESS INCOME
I declare that my total gross income from my self-employed business for the tax year listed above was:
💰 $________________________
I understand that this amount includes:
- Cash payments
- Checks
- Electronic payments (Zelle, CashApp, Venmo, etc.)
- 1099-NEC or 1099-K income
- Any other compensation received for services
BUSINESS EXPENSES
Due to lack of complete records, the following expenses are reasonable estimates based on my business operations:
| Expense Category | Estimated Amount |
|---|---|
| Supplies | $______________ |
| Equipment | $______________ |
| Advertising | $______________ |
| Insurance | $______________ |
| Rent/Lease | $______________ |
| Utilities | $______________ |
| Phone/Internet | $______________ |
| Repairs/Maintenance | $______________ |
| Other: __________ | $______________ |
DECLARATION
I certify that the income and expense information provided above is true, correct, and complete to the best of my knowledge.
I understand that my tax return will be prepared based on the information I have provided and that I am responsible for maintaining any supporting documentation.
Taxpayer Signature: __________________________
Date: __________________________
📊 2. INCOME RECONSTRUCTION WORKSHEET
How was income determined?
☐ 1099 Forms
☐ Bank Deposits
☐ Cash Payment Log
☐ Invoices
☐ Client Statements
☐ Verbal Estimate
☐ Prior Year Comparison
☐ Industry Standard
☐ Other: __________________
Reconstruction Method Used:
Estimated Annual Gross Receipts:
💰 $________________________
Prepared By: __________________________
Date: __________________________
📝 3. BUSINESS ACTIVITY STATEMENT
Describe the services provided in your business:
How often do you work?
☐ Full-Time
☐ Part-Time
☐ Seasonal
Where do you operate your business?
☐ From Home
☐ At Client Location
☐ Online
☐ Office/Shop
Did you keep records of the following?
| Record Type | Yes | No |
|---|---|---|
| Receipts | ☐ | ☐ |
| Mileage Log | ☐ | ☐ |
| Bank Statements | ☐ | ☐ |
| Expense Ledger | ☐ | ☐ |
IMPORTANT NOTICE:
Certain expenses such as mileage, meals, travel, and home office require documentation under IRS rules and may not be estimated.
Taxpayer Signature: __________________________
Date: __________________________
✅ Use These When:
- Filing ITIN returns
- Cash businesses
- No bookkeeping
- No receipts
- First-time filers
- Amended returns with missing docs
Responses