Contractor Receipt
A contractor receipt is a written record of payment issued by an independent contractor to a client who paid for their services. It includes information about the contractor (or their business entity), the client, the services rendered, and the associated costs. Contractor receipts are valuable for bookkeeping and filing taxes.
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Table of Contents
Who Uses a Contractor Receipt?
Any freelancer or independent contractor can use a contractor receipt. According to the IRS, an independent contractor is a worker “in an independent trade, business, or profession in which they offer their services to the general public.”
Are Contractor Services Subject to Sales Taxes?
Contractor services can be subject to state sales taxes depending on the nature of the services and the location in which they are conducted.
What to Include
- Client name, address, phone number, email address;
- Contractor/entity name, address, phone number, email address, website;
- Date(s) and time(s) of service;
- Descriptions of services rendered;
- Itemized list of materials used and their associated costs;
- Itemized list of services completed and their related fees;
- Payment method (cash, check, credit card, other);
- Receipt number;
- Tax rate (if applicable);
- Tax due (if applicable);
- Total amount due;
- Total amount paid;
- Total balance due (if applicable); and
- Transaction date.