Attorney Income And Expense Worksheet
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1
2ATTORNEY’S INCOME & EXPENSE WORKSHEET
YEAR __________
NAME_________________________________________________________________________________________ Federal ID # ______________________________
NAME OF BUSINESS ______________________________________________________________________________________________________________________
ADDRESS OF BUSINESS _________________________________________________________________________________________________________________
TYPE OF LEGAL SERVICE PERFORMED _______________________________________________________________________________________________
❏
How many months was this business in operation during the year?
12 Months
From_________ To _____________
OR
❏
# of hours ________
How many hours during the year did you and/or your spouse devote to this business?
FULL TIME
OR
❏
❏
Is any portion of your investment in this business not subject to payback by you?
YES
NO
GROSS RECEIPTS
The IRS is paying particular attention to Trust Accounts in searching for hidden income.
NOTE:
SPECIFIC RETAINERS
Advanced Client
ANNUAL RETAINERS
Costs Recovered
(see below)
REFERRAL FEES
Did you receive $10,000.00 in actual cash from any
BARTER, OR NON-CASH INCOME
Individual at any one time – or in accumulated
amounts —during this tax year?
OTHER INCOME
Sales of Equipment, Machinery, Land, Buildings Held for Business Use
Kind of Property
Date Acquired
Date Sold
Gross Sales Price
Expenses of Sale
Original Cost
ADVANCED CLIENT COSTS
NOTE: The courts have ruled that advanced client costs are not currently deductible. They are treated as loans and are deductible as bad debts only if
determined to be non-collectible.
Advanced client costs relating to non-collectible income:
CAR
TRUCK EXPENSES
OFFICE
HOME
and
in
VEHICLE 2
VEHICLE 1
Office must be focal point of business.
Date Acquired Home
_____________
Year and Make of Vehicle
Total Cost
_____________
Date Purchased (month, date and year)◊
Cost of Land
_____________
Ending Odometer
Reading (December 31)
–
Cost of Improvements
_____________
–
Beginning Odometer
Reading (January 1)
Sq. Footage of Home
_____________
Total Miles Driven (
End Odo – Begin Odo
)
Sq. Footage of Office Area
_____________
Total Business Miles (do you have another vehicle?)
Rent Paid (if you rent)
_____________
Total Commuting Miles
Interest
_____________
Parking Fees and Tolls
Taxes
_____________
License Plates
Utilities/Garbage
_____________
Interest
Insurance
_____________
Continue only if you take actual expense (must use actual expense if you lease)
Repairs/Maintenance
_____________
Gas, oil, lube, repairs, tires, batteries, insurance, supplies, wash, wax, etc.
Hours Used per Week
_____________
Lease Costs
Hours Worked per Week
_____________
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