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Profit and Loss Statement - Shelley


Posted: Jun 13, 2010

i am an at home transcriptionist and have been for 23 years.  I am trying to do a home loan modification and I need a profit and loss statement.  Does anyone have a sample report pertaining specifically to being an at-home independent contractor?  My tax man says he doesn't know how to do one, although he does the Schedule C for me on my taxes.  Any suggestions/samples?   Thank you!

you need a new "tax man" - Carol

[ In Reply To ..]
A Schedule C is a "Profit and Loss Statement" . . . take a look at the copies of your tax return. You should have been submitting this form for 23 years.

Perhaps you misunderstood what your accountant was telling you?

Profit and Loss - Sweetie

[ In Reply To ..]
A profit and loss statement is really simple, it is a list of the money you take in and the money that goes out.

Schedule C is called "profit and loss from business" so I would think that a copy of last years taxes would suffice.



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