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For Russells Schedule C, fill in a description for line A. Assume the home office is used regularly and exclusively for the landscaping business. When
For Russells Schedule C, fill in a description for line A. Assume the home office is used regularly and exclusively for the landscaping business. When the problem says, "The business is operated out of their home," it means the business is operated from their home
Make sure to fill out the forms completely, as if you were going to send it to the IRS. In other words, don't skip the social security numbers, address or occupation, etc.
The Long's are expecting a $3,117 refund.
2A. Russell (birthdate February 2, 1966) and Linda (birthdate August 30, 1971) Long have brought you the following information regarding their income and expenses for the current year. Russell owns and operates a landscaping business called Lawns and Landscapes Unlimited. The business is operated out of their home, located at 1234 Cherry Lane, Nampa, ID 83687. The principal business code is 561730. Russell Long had the following income and expenses from the landscaping business: $133,550 Income Expenses Business insurance Office supplies Payroll Payroll taxes Political contributions to Senate campaign Meals and entertainment (total) Contract labor Maintenance Equipment rent Telephone 3,915 2,575 83,643 8,105 500 2,300 7,310 8,316 10,900 2,215
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