TAXICAB DRIVER’S INCOME & EXPENSE WORKSHEET
YEAR_____________
NAME _________________________________________________________ Federal ID # _____________
ADDRESS OF BUSINESS _________________________________________________________________
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From….….....…Through….…….
How many months was business in operation during the year?
12 Months
OR
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# of hours…....
How many hours during the year did you and/or your spouse devote to this business? FULL TIME
OR
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Is any portion of your investment in this business not subject to payback by you?
YES
NO
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Is the vehicle:
LEASED
OWNED
OR
BUSINESS INCOME
FARES COLLECTED (should agree with waybills):
1. Cash (including tips) ............................................................................................................ $ ___________________
2. Checks (including tips) ........................................................................................................ $ ___________________
3. Credit Cards (including tips) ................................................................................................ $ ___________________
4. Lease Income ...................................................................................................................... $ ___________________
5. Other Income ..................................................................................................................... $ ___________________
GRAND TOTAL INCOME (add lines1 through 5)
.................................................................... $ ___________________
Number of days worked …………………………………….Number of customers per day ........................................................
Amount earned for entry ……………………………………Rate charged per mile ....................................................................
Sales of Equipment, Machinery, Land, Buildings Held for Business Use
Kind of property
Date Acquired
Date Sold
Gross Sales Price
Expense of Sale
Original Cost
TAXICAB EXPENSES
Year and Make of Vehicle…………………………………..Date purchased (mm/dd/yyyy) ........................................................
Miles per gallon of gas………………………………………Ending Odometer Reading (December 31) ...................................
Beginning Odometer Reading (January 1)………………..Total Miles Driven (End Odo – Begin Odo) ....................................
Total Business Miles (do you have another vehicle?) ..............................................................................................................
Total Commuting Miles………………………………………Parking Fees and Toll ....................................................................
OPERATING EXPENSES
License Plates ............ $ _____________ Interest ................. $ ______________ Gas ........................ $ ________________
Oil ............................... $ _____________ Lube ..................... $ ______________ Repairs .................. $ ________________
Tires ........................... $ _____________ Batteries ............... $ ______________ Insurance ............... $ ________________
Supplies ...................... $ _____________ Wash/Wax ............ $ ______________ Lease ..................... $ ________________
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