How to Write Off Business Expenses
- 1). Gather all the receipts saved for every business expense.
- 2). Sort the receipts according to the "Expenses" categories listed on the Schedule C.
- 3). Once sorted, total each category and enter the total into the assigned line on Schedule C. Then total all the "Expenses" category lines and enter it on the "Total expenses" line.
- 4). Complete the rest of the appropriate forms for your tax situation.
- 5). Mail in or e-file your taxes.
- 6). File and store a copy of your tax forms along with all your receipts for your records and in case of an audit.
