1203110059 (FI) 20 Y es No ▼ ▼ ▼ ▼ ▼ ▼ A. B. C. D Cit y State E. (1 ) Cost (2) (3 ) F. (1 ) Cash (2) Accrual (3) . . . . . . . . . . . . . . . . . . . . G. . . . . . . . . . . . . . . . . . H. . . . . . . . . . . . . . . . . . . . . . . . . . . . I. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S ales T ax License Number (if applicable) F ed e r al NAICS Code 1. a. . . . . . . . . . . . . . . . . . . . . . . . . . . b. . . . . . . . . . . . . . . . . . . . . . . . . . . 1 a. 1b. c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 c. 2. 3. 4. 5. ) . . . . . . credits claimed (for example, Employment Incentive Payments Credit) on your PA-40. PART II Deductions Social Securit\ numEer Owner¶s Product or serYice PA Schedule C Profit or Loss From Business or Profession (SOLE PROPRIETORSHIP ) PA- 40C (09–12) PA DEPARTMENT OF REVENUE Include with Form PA-40, PA-20S/PA-65 PA-41 or OFFICIAL USE ONLY Name of owner shown as on PA tax return: Main business activity Business name Business address (number and street) and ZIP Code Federal Employer Identification Number Method(s) used to value closing inventory. Fill in the appropriate oval: Lower of cost or market Other (if other, attach explanation) Accounting method. Fill in the appropriate oval: Other (specify) Was there any change in determining quantities, costs, or valuations between opening and closing inventory? If “Yes,” submit explanation. Did you deduct expenses for an office in your home?. If the business is out of existence, fill in this oval. Gross receipts or sales Returns and allowances Balance (subtract Line 1b from Line 1a) Cost of goods sold and/or operations (Schedule C-1, Line 8) Gross profit (subtract Line 2 from Line 1c) Other Income (submit statement). Include interest from accounts receivable, business checking accounts and other business accounts. Also include sales of operational assets. See Instructions Booklet. Total income (add Lines 3 and 4) PART I Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 . Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. Amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. Bad debts from sales or services . . . . . . . . . . . . 9. Bank charges . . . . . . . . . . . . . . . . . . . . . . . . . . 10. Car and truck expenses . . . . . . . . . . . . . . . . . . . 11. Commissions . . . . . . . . . . . . . . . . . . . . . . . . . . 12. . . . . 13. a. Regular depreciation . . . . . . . . . . . . . . . . . 13. b. Section 179 expense . . . . . . . . . . . . . . . . 14. Dues and publications . . . . . . . . . . . . . . . . . . . . 15. 16. . . . . . . . . 17. Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18. Interest on business indebtedness . . . . . . . . . . . 19. Laundry and cleaning . . . . . . . . . . . . . . . . . . . . 20. . . . . . . . . . . . . . 21. Management fees . . . . . . . . . . . . . . . . . . . . . . . 22. Office supplies . . . . . . . . . . . . . . . . . . . . . . . . . 23. . . 24. Postage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25. Rent on business property . . . . . . . . . . . . . . . . . 26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28. S chedule C-1 2 9. Taxes 30. Telephone 31. Travel and entertainment 32. Utilities . . . . . . 33. Wages 34. . . . . . . . . . . . . . . . . . . . . . 35. . . . . . . 36. t 3 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37. 38. . . . . . . . . . Loss 38. Reduce expenses by the total business Total expenses. (add Lines 6 through 34) Supplies (not included on Other expenses (specify): Cost depletion but not percentage depletion Employee benefit programs other than on Line 23 Freight (not includedon Schedule C-1) Legal and professional services Pensionand profit-sharing plans for employees Repair f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . g. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . h. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . j. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . k. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27. Subcontractor fees SIDE 1 1203110059 1203110059 34. Total other expenses Total adjusted expenses (subtract Line 36 from Line 35). Net profit or loss (subtract Line 37 from Line 5). If a net loss, fill in the oval. Enter the result on your PA tax return. ----------------Page (0) Break---------------- 1203210057 1203210057 1203210057 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 . . . . . . . . . . . . . . . . . . . 1. 2. 3. (a) (b) (c) (d) depreciation (e) Life (f) (g) 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. 6. 7. ▼ ▼ ▼ ▼ ▼ (FI) 1 . . . . . . . . . . . . . 1 . 2 . a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b . . . . . . . . . . . . . . . . . . . 2 a. 2b. c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 . . . . . . . . . . 2 c. 3 . 4 . 5 . 6 . 7 . 8 . 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 . . . . . . . . . . . . . . . . . . . . PA Schedule C PA-40C (09–12) PA DEPARTMENT OF REVENUE Name of owner as shown on PA tax return: Social Security Number OFFICIAL USE ONLY SCHEDULE C-1 - Cost of Goods Sold and/or Operations Inventory at beginning of year (if different from last year’s closing inventory, include explanation) Cost of items with drawn for personal use Cost of labor (do not include salary paid to yourself or subcontractor fees) Balance (subtract Line 2b from Line 2a) Materials and supplies Other costs (include schedule) Add Lines 1, 2c, 3, 4 and 5 Inventory at end of year Cost of goods sold and/or operations (subtract Line 7 from Line 6) Enter here and on Part I, Line 2 SCHEDULEC- 2 - Depreciation PA PIT law does not permit the bonus depreciation elections added to the Internal Revenue Code (IRC) in 2002, 2003, 2008 and 2009. PA PIT law limits IRC Section 179 current expensing to the expensing allowed at the time you placed the asset into service or in effect under the IRC of 1986 as amended Jan.1, 1997. For each asset, you must also report straight-line depreciation, unless not using an optional accelerated depreciation method. You need straight-line depreciation to take advantage of Pennsylvania’s Tax Benefit Rule when you sell the asset. See the PA PIT Guide for the Tax Benefit Rule. Total Section 179 depreciation (donotin clude in items below) Less: Section 179 depreciation included in Schedule C-1 Balance (subtract Line 2 from Line 1). Enter here and on Part II, Line 13b Description of property Date acquired Cost or other basis Depreciation allowed or allowable in prior years Method of calculating or rate Depreciation for this year Other depreciation: Furniture and fixtures Transportation equipment Machinery and other equipment Other (specify) Totals (add all Line 4 amounts) Any depreciation included in Schedule C-1 Balance (subtract Line 6 from Line 5). Enter here and on Part II, Line 13a. SIDE 2 Purchases Buildings ----------------Page (1) Break----------------