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Old 01-08-2013, 08:38 AM
Darryl G Darryl G is offline
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Join Date: May 2001
Posts: 7,980
My business income and expenses all go on Schedule C of my 1040. I don't know how someone could possibly complete Schedule C with only total gross income and expenses. I know not everyone uses Schedule C, but I would imagine that a sole proprietor such as Yardguy would. My business is actually set up as an LLC with myself and wife as partnerrs but for tax purposes a sole proprietorship. I keep all of my receipts filed alphabetically by vendor name; I have a seperate manilla folder for each vendor for each year and have them filed chronologically by date within each folder.

Here's Schedule C: http://www.irs.gov/pub/irs-pdf/f1040sc.pdf
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