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Tony worked as an independent contractor fixing computers for local businesses and received the following 1099-Misc: Interview Notes: Tony did not have any partners or

  1. Tony worked as an independent contractor fixing computers for local businesses and received the following 1099-Misc:
  2. Interview Notes:
    1. Tony did not have any partners or employees. His business does not have a separate address or EIN.
    2. In addition to the form, he also reports that he made an additional $2,650. He has a printout from his bank to show the separate deposits made throughout the year.
    3. He lists the following businesses expenses:
      1. $445 advertisements
      2. $50 parking ticket Tony received because a repair took longer than expected and he didn't have time to run out to the meter
      3. $375 in parking and tolls
      4. $715 in computer supplies
      5. Vehicle information:
        1. Business miles: 1,113
        2. Other miles: 7,630
        3. Commuting miles: 2,600
        4. Vehicle placed into service June 13, 2014
        5. This vehicle is also for personal use and Tony does not have another vehicle at home.
        6. Tony kept track of his mileage in a hand-written log he kept in his car.
  3. Complete a Schedule C with the information provided. You will want to download the Schedule C form that opens as a PDF to access the editable version. NOTE: If you receive any warnings about opening the file in another viewer, you can ignore that warning and download the file.
  4. Submit a PDF copy of your completed tax form to the associated assignment submission folder.

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