schedule C tupperware

[jim s]

iv been ask to review a tax return for a friend prepared by another TP, his wife has a second income with Tupperware with a gross sale of 10,500 dollars, what puzzles me is that the TP deducted 2000 for insurance, 2000 for utilities and 2000 for telephone, claiming about 2000 loss after all is said and done, will this fly without a IN HOUSE OFFICE FORM....thanks for your input...jims.

[Jiggers]

Need the 8829

iv been ask to review a tax return for a friend prepared by another TP, his wife has a second income with Tupperware with a gross sale of 10,500 dollars, what puzzles me is that the TP deducted 2000 for insurance, 2000 for utilities and 2000 for telephone, claiming about 2000 loss after all is said and done, will this fly without a IN HOUSE OFFICE FORM....thanks for your input...jims.

If pigs could fly.......................

I would hope that those are not the exact amount of expense items. 2000, 2000, 2000, 2000...... That flags an audit.

[jim s]

schedule C

If pigs could fly.......................

I would hope that those are not the exact amount of expense items. 2000, 2000, 2000, 2000...... That flags an audit.

there estimated but they are ball park figures, i thought it would look better if there was a 8829 thanks a bunch...jim s

[Peachie]

I am sure those figures

iv been ask to review a tax return for a friend prepared by another TP, his wife has a second income with Tupperware with a gross sale of 10,500 dollars, what puzzles me is that the TP deducted 2000 for insurance, 2000 for utilities and 2000 for telephone, claiming about 2000 loss after all is said and done, will this fly without a IN HOUSE OFFICE FORM....thanks for your input...jims.

will be different on the 8829, especially since she'll only be able to take a % based on the business use of the space. Seems the preparer is giving her full value for those items. In addition, I would be a little leery of someone preparing a schedule C that doesn't know about the form 8829. One other thing, what about inventory--is there any? Ok, I am getting away from your question. Sorry.

Peachie

[jim s]

will be different on the 8829, especially since she'll only be able to take a % based on the business use of the space. Seems the preparer is giving her full value for those items. In addition, I would be a little leery of someone preparing a schedule C that doesn't know about the form 8829. One other thing, what about inventory--is there any? Ok, I am getting away from your question. Sorry.

Peachie

thank you peachie; i did it over with the sum figures and added a 8829 using a 9x12 room and got an additional refund and added advertisement and office supplies thanks for all your input...jim s