I recommend you to try to learn all about S corps tax schedules on the following sites:

http://en.wikipedia.org/wiki/S_corporation http://www.irs.gov/businesses/small/article/0,,id=98263,00.html

I hope it helps!

I don't believe the above question is asking about specifics of S corporations -- in fact, it sounds like you're running a sole proprietorship, as you're asking about Schedule C.

Without knowing more about your situation, I can't really give you specific advice. However, it sounds like you don't maintain an inventory, so I don't think there's any need to account for the food you buy. Instead, if you're buying all the food for specific catering jobs, you would enter the cost of the food you buy as cost of goods sold. The inventory inflows (food you buy) would likely equal the inventory outflows (the food you prepare/sell) so you'd maintain an inventory balance of zero for the whole year.

And, yes, your gross receipts should likely include all the money you receive from your catering jobs throughout the year.

Please let me know if you want more specific advice or research on the issue. www.ninjatax.com

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