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I have a client (self-proprietor) that owes a market store, he has a wiring money service (like Western Union) in schedule C where do I report that money & how

alltax-services
Level 1

Mr self-proprietor mixed his Store Market money along with wiring money, so is hard to trace incoming money, how do I report to IRS on schedule C 

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IRonMaN
Level 15

If you are in one of those nasty states that clips you for taxes based on gross receipts, I would net the ins and outs for the Western Union transactions. 


Slava Ukraini!

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3 Comments 3
IRonMaN
Level 15

If you are in one of those nasty states that clips you for taxes based on gross receipts, I would net the ins and outs for the Western Union transactions. 


Slava Ukraini!
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abctax55
Level 15
Good point
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abctax55
Level 15

Income is income is income....

I don't see any need to separate the *types* of income on the tax return.

"*******Tax software is no substitute for a professional tax preparer*******
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