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PLEASE I NEED HELP FILLING OUT THE TAX FORM 1040. Last year, you started a business as a sole proprietor called Tax Consulting, LLC as a single member LLC AKA disregarded entity. You provide tutoring services to college students to help them pass the Enrolled Agent exam. As a part of your tutoring services, you sell authorized copies of Gleim's textbook. In addition, you operate on a cash basis of accounting. Fast forward: You've been in business for a full year, and it's now time for you to file your Schedule C Form. To complete the assignment: Download the blank Schedule C.(opens in a new tab) Complete the form based on the following transactions. Use this Business address: 1115 River Walk Dr, Avondale, AZ

Number	Description
1	You collected $150,000 in cash for tutoring services.
2	You have 10 hours of tutoring for the last week of December that was not billed to students at the rate of $100 per hour.
3	The total rent for your office is $2,000 per month for 12 months.
4	Utilities total $3,000 for the year.
5	You paid a part-time receptionist $10,000 in wages to answer the phone and make appointments.
6	You paid yourself $30,000 for the year.
7	Your total costs for office supplies, such as pens, paper, etc., totaled $1,000 for the year.
8	You decide that the education system is lagging in your city, and you donate $500 to your local high school.
9	You purchased 100 Gleim books for $5 each and you sold 50 of them for $15 each.
10	The total miles on your automobile for the year equal 7,000 miles of which 2,000 miles were for business purposes. Assume the mileage rate is .575 cents per mile.
11	Depreciation expense on office furniture is $600 for the year.
12	You paid $4,000 for personal health insurance for the year.
13	You held a potluck celebration to welcome new students and bought groceries for $100.
14	Your advertising costs total $800 for the year.

Part II Expenses. Enter expenses for business use of your home only on line 30. Schedule C Form 1040) 2002 Page 2 Part III Cost of Goods Sold (see instructions) 33 Method(s) used to value closing imversory: a Cost b Lower of cost or market c Other (attach explanation) 34 Was there any change in decermining quantities, costs, or valuations between opering and closing imventory? if "Yes," aftach explanation Yes No 35 Imentory at beginning of year, If different trom last year's closing inventory, attach explanation .... 36 Purchases less cost of items withdrawn for personal use 37 Cost of labor. Do not include any amounts paid to yourselt 42 Cost of goods sold. Subtract line 41 trom line 40 . Enter the result here and on line 4. 42 3a Materials and supples 39 Cether costs 40 Add lines 35 through 39 41 Imentory at end of year Part IV Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9 and are not required to file Form 4562 for this business. See the instructions for line 13 to find out if you must file Form 4562 . 43 When did you place your vehicle in service for business purposes? (monthldaryear) 44 Ot the total number of miles you drove your whicle during 2022, enter the number of miles you used your vehicle for: a Business b Commuting (see instructions) e Other 45 Was your vehicle avalable for personal use during oft-duty hours? Yes No 46 Do you (or your spouse) have another whicle avalable for personal use? Yes No 47a Do you have evidence to support your deduction? Yes No b if "Yes," is the evidence written? Yes No \begin{tabular}{l|ll} Part V & Other Expenses. List below business expenses not included on lines 8-26 or line 30. \end{tabular} 48 Total other expenses. Enter here and on line 27a 48 Schedule C Form toegi 2022 Part II Expenses. Enter expenses for business use of your home only on line 30. Schedule C Form 1040) 2002 Page 2 Part III Cost of Goods Sold (see instructions) 33 Method(s) used to value closing imversory: a Cost b Lower of cost or market c Other (attach explanation) 34 Was there any change in decermining quantities, costs, or valuations between opering and closing imventory? if "Yes," aftach explanation Yes No 35 Imentory at beginning of year, If different trom last year's closing inventory, attach explanation .... 36 Purchases less cost of items withdrawn for personal use 37 Cost of labor. Do not include any amounts paid to yourselt 42 Cost of goods sold. Subtract line 41 trom line 40 . Enter the result here and on line 4. 42 3a Materials and supples 39 Cether costs 40 Add lines 35 through 39 41 Imentory at end of year Part IV Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9 and are not required to file Form 4562 for this business. See the instructions for line 13 to find out if you must file Form 4562 . 43 When did you place your vehicle in service for business purposes? (monthldaryear) 44 Ot the total number of miles you drove your whicle during 2022, enter the number of miles you used your vehicle for: a Business b Commuting (see instructions) e Other 45 Was your vehicle avalable for personal use during oft-duty hours? Yes No 46 Do you (or your spouse) have another whicle avalable for personal use? Yes No 47a Do you have evidence to support your deduction? Yes No b if "Yes," is the evidence written? Yes No \begin{tabular}{l|ll} Part V & Other Expenses. List below business expenses not included on lines 8-26 or line 30. \end{tabular} 48 Total other expenses. Enter here and on line 27a 48 Schedule C Form toegi 2022

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