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- Click ‘Get Form’ to open the self-employment worksheet in the editor.
- Begin by entering your name and business details, including the business address and EIN. This information is crucial for identification.
- In the income section, record your gross receipts and any other gains for each month. Ensure you subtract returns and allowances as well as the cost of goods sold to calculate your gross income accurately.
- Next, list all expenses such as advertising, vehicle costs, and utilities. Total these monthly expenses at the end of each column.
- Calculate your estimated monthly income by subtracting total expenses from total gross income. If this amount is negative, consider it as zero.
- Finally, review all entries for accuracy before signing and dating the form to confirm that all information provided is true.
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