I work and get a W-2 at the end of the year, so I need to know what to keep and file for my taxes... I also do a side jobe of a MLM company, and need to keep those items seperate for filling a 1099 at the end of the year. --Also my hubby is a 1099 only for his work, and need to organize his stuff.
So I'm looking for a break down of catagories to keep everything organized, so when we go to file our taxes everything is allready to go...
2007-09-16 08:01:23 · 4 answers · asked by allisonserna 2 in Business & Finance ➔ Taxes ➔ Other - Taxes
Well thanks everyone, but apparently you didn't understand what I was looking for. I was looking for catagories to file my bills and reciepts. So when we go to files our taxes for 2007, everything is already sorted. I found my sheet, it was misplaced.
INCOME/GROSS PROFIT SECTION:
Sales
Purchases/COGS
Gross Profit
EXPENSES SECTION:
Salaries
Rent
Retirement Benfits
Employee Benefit Programs
LARGE PURCHASES:
Computer #1
Computer #2
Cell Phone
OTHER EXPENSES:
Accounting
Advertising
Amortization
Auto & Truck Expenses
Bank Charges
Cash Shortages
Cleaning & Laundry
Commissions
Delivery Charges
Dues & Subscriptions
Equipment Rental
Freight
Fuel
Insurance
Janitor
Leases
Lagel & Professional
Licenses & Permits
Maintenance
Meals & Entertainment
Office Expenses
Office Supplies
Outside Services
Parking
Postage
Promotion
Storage
Supplies
Telephone
--Bus Line
--Cell Phone
Tools
Travel
Uniforms
Other
--Internet
--Website Hosting
--Logo Design
2007-09-17 07:59:34 · update #1
Allison -- From what I can gather -- need one file folder for 2007 taxes. . In that file folder will be :::
(1) W-2
(2) 1099
(1) Statement from the Mortage co.
(1) Charity or Church gifts (receipts)
(1) Capital Gains Form Statement if you buy and sell
on the stock market..
(?) Medical Expense (receipts)
(?) Uniform expense and training (receipts)
(?) Property Loss statement....(receipts)
File 1040 Joint Return -- husband and wife
2007-09-16 08:38:42 · answer #1 · answered by Gerald 6 · 0⤊ 0⤋
Might not be a bad idea to have separate bank accounts for your side business and for his business - then tracking gets much easier. But if you don't want to do that or the two business aren't complex enough to bother with it, set up separate categories for your personal transactions and for the business ones. Put a prefix on the business ones, keeping the two separate since you'll have separate schedule C's for them. - something like MLM-income and MLM-feespaid, and Joe-income for his. Break down the business categories according to the schedule C lines, whichever ones you need to use.
2007-09-16 08:36:44 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Medical, Travel, his car, your car, your business expense, his business expense, insurance, mortgage, dues & subscriptions, etc. property tax, other taxes, contributions, etc.
Many of those things can be tax deductible depending on the amounts...
2007-09-16 08:06:41 · answer #3 · answered by hottotrot1_usa 7 · 0⤊ 0⤋
...isn't that the comparable for adult adult males, nevertheless? a female you may opt to have intercourse with, yet no longer something greater. a female you may opt to have a dating with. a female you may choose neither with, yet a friendship. a female you does not additionally be conscious?
2016-12-26 13:59:41 · answer #4 · answered by ? 3 · 0⤊ 0⤋