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TAX YEAR
                                                                                                                                                                                                                2019
                                                                                  Depreciation

                            Business Name:                                                                                                                                       Business
                                                          Date                       Date Placed    Date Sold or Taken                     Trade-In
                                     Asset                               Cost                                            Selling Price
                                                       Purchased                      in Service      Out of Service                      Allowance                             Expenses
                                                                                                                                                                              Worksheet


























                            If this is your first year with our firm, please provide a depreciation schedule for all property placed in service in prior years.






                                                 Inventory                                                   Contact Us
                            Inventory at the beginning of the year                            There are many events that occur during the year that can affect
                                                                                              your tax situation. Preparation of your tax return involves sum-
                            Purchases                                                         marizing transactions and events that occurred during the prior
                            Cost of labor                                                     year. In most situations, treatment is firmly established at the
                                                                                              time the transaction occurs. However, negative tax effects can
                            Materials and supplies                                            be avoided by proper planning. Please contact us in advance

                            Other costs                                                       if you have questions about the tax effects of a transaction or
                                                                                              event, including the following:
                            Minus: Inventory at the end of the year
                                                                                             •  Pension or IRA distributions.  •  Retirement.
                                                           Total                             •  Significant change in income or   •  Notice from IRS or other
                                                                                               deductions.                      revenue department.
                                                                                             •  Job change.                    •  Divorce or separation.
                                               Car Expenses                                  •  Marriage.                      •  Self-employment.

                                     Mileage                Actual Expenses                  •  Attainment of age 59½ or 70½.  •  Charitable contributions
                                                                                             •  Sale or purchase of a business.  of property in excess of
                            Beginning of year           Gas/oil                              •  Sale or purchase of a residence   $5,000.
                            odometer                                                           or other real estate.
                            End of year                 Insurance
                            odometer                                                            This brochure contains general information for taxpayers and
                            Business mileage            Parking fees/tolls                        should not be relied upon as the only source of authority.
                            Commuting mileage           Registration/fees                     Taxpayers should seek professional tax advice for more information.
                                                                                                           Copyright © 2019 Tax Materials, Inc.
                            Other mileage               Repairs                                                   All Rights Reserved
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