Schedule C-EZ (Form 1040) Net Profit From Business (Sole Proprietorship) 2005. Summary: This is an example of Schedule C-EZ (Form 1040) 2005 with items included as described in the text. Additionally,
these line items are
completed:
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“Name of proprietor” field contains John E. Michaels
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“Social security number (SSN)” field contains 011-00-2222
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Under
“Part I: General Information”:
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“A. Principal business or profession, including product or service” field contains Minister
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“B. Enter code from pages C-7, 8, & 9” field contains 541990
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“E. Business address (including suite or room number). Address not required if same as on Form 1040, page 1.” field contains 1042 Main
Street
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“City, town or post office, state, and ZIP code” field contains Hometown, Texas 77099
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Under
“Part II: Figure Your Net Profit”:
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“1. Gross receipts. Caution. If this income was reported to you on Form W-2 and the statutory employee box on that form was
checked, see
Statutory Employees in the instructions for Schedule C, line 1, on page C-3 and check here” field contains 4,000
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“2. Total expenses (see instructions). If more than $5,000, you must use Schedule C” field contains 219 Footnote: See Attached
Statement.
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“3. Net profit. Subtract line 2 from line 1. If less than zero, you must use Schedule C. Enter on Form 1040, line 12, and also
on Schedule SE,
line 2. (Statutory employees do not report this amount on Schedule SE, line 2. Estates and trusts, enter on Form 1041, line
3.)” field
contains 3,781
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Under
“Part III: Information on Your Vehicle”:
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“4. When did you place your vehicle in service for business purposes? (month, day, year)” field contains 7/15/2002
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“5. Of the total number of miles you drove your vehicle during 2005, enter the number of miles you used your vehicle for:”
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“a. Business” field contains 459
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“b. Commuting” field contains 0
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“c. Other” field contains 7,247
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“6. Do you (or your spouse) have another vehicle available for personal use? Yes” checkbox checked
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“7. Was your vehicle available for personal use during off-duty hours? Yes” checkbox checked
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“8a. Do you have evidence to support your deduction? Yes” checkbox checked
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“8b. If Yes, is the evidence written? Yes” checkbox
checked
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