Income Tax Organizer

INCOME TAX ORGANIZER

Especially Developed for

Independent Beauty Consultants

Date Started Mary Kay: ______

Name: ______Year: ______

Please provide a copy of Income Advisory Statement (IAS) and 1099-MISC

INCOME -This section should be shown in retail dollars only, which is the amount you actually received for sale of the product-before sales tax.

Total income before discounts (exclude sales tax)

(Do not include sales to yourself or personal use)$ ______

Discounts(actual cash given back)$(______)

Mary Kay direct income (commissions)$ ______

Prizes and Awards $ ______

COST OF GOODS SOLD (Section 1 only) –This section should be shown in wholesale dollars only.

Beginning of the Year Inventory (Last Year’s Ending Inventory)$ ______

Purchases during the year (January thru December)

(The IAS only goes through November so don’t for get to include your December purchases)

Total Section 1 purchases(exclude sales tax)$ ______

Products used personally (at wholesale cost).$ ______

Products given away (at wholesale cost).$ ______

Products use for promotional gifts (at wholesale cost)$ ______

End of the Year Inventory (excluding sales tax) (Consultants Order Form)$ ______

(Do not include free or obsolete product on your shelf)

Free Product Inventory$ ______

Freight and shipping costs for product$ ______

OPERATING EXPENSES –See attached guide for examples

Advertising, newsletter and other$ ______

Seminars, Conference, Career and Workshop expenses$ ______

Unit Meeting Fees$ ______

Dues / Subscriptions / Publications$ ______

Interest Paid:

Credit Cards(Mary Kay purchases only)$ ______

Loans (Non Automobile, Non Home Mortgage)$ ______

Legal, Professional & Accounting$ ______

Mary Kay personal website$ ______

Internet Fees (Business Use % ______)$ ______

Cellular Phone(Business Use % ______)$ ______

Telephone (Long distance & 2nd Line)$ ______

(Over for additional expenses)

OPERATING EXPENSES –See attached guide for examples

Office Supplies$ ______

Printing & Postage$ ______

Red Jacket/ Sales Director suit$ ______

Meeting room rental fees (less reimbursement from consultants)$ ______

Bank Fees$ ______

Credit Card Processing Fees(Propay)$ ______

Repairs & Maintenance (Non Automobile)$ ______

Supplies(NonSection II)$ ______

Section II Mary Kay supplies (including sales tax)$ ______

Non Recovered Sales Tax$ ______

Travel Expense (airline, taxi, bus, lodging)$ ______

Meals and Entertainment (Local at 100%)$ ______

Out-of-Town Meals and Entertainment ___ # DaysLocation ______$______

(Attach sheet with additional days and locations if more than one location)

Employee Payroll Paid (W-2 and/or Contract Labor (1099-MISC))$ ______

Payroll Taxes$ ______

Equipment (computer, printer, desk, chair, etc)Date Purchased ___ / ___ / _____$ ______

Other: ______$ ______

Attach a separate sheet more room is need

Office / Storage in the Home:

Total Square Footage of Home:______Original Cost of the Home

Square Footage of Office/Storage:______$ ______

Utilities (Electric, Gas, Water)$ ______Value of Land

Repairs (to common areas)$ ______$ ______

Insurance (Renters/Home Owners)$ ______Date Home Purchased

Real Estate Taxes Paid$ ______/ _____ / ______

Mortgage Interest$ ______Cost of Improvements

Rent Paid$ ______$ ______

Automobile

Gas and Oil Changes$ ______Mileage Information

Repairs/maintenance/oil changes$ ______Total miles driven ______

Insurance$ ______Personal miles ______

License and registration$ ______Mary Kay miles ______

Lease payment$ ______

Interest portion of auto loan$ ______Odometer Reading (last day of year) Parking fees / tolls $ ______

Worksheet provided by:Goetz and Associates Incorporated

5700 Monona Drive

Madison, WI 53716

Phone: 608-221-2332Fax: 608-221-8850

Email: