A Schedule C is not the same as a 1099 form. Although, you may need IRS Form 1099 (a 1099-NEC or 1099-K in particular) to fill out a Schedule C. Best Overall Tax Software ...

When can you expect your tax refund? 02:47 The new Form 1040 that all tax filers will file this year is a one-page document with just 23 lines. It replaces the old 1040 as well as the Form 1040A ...

Attach the Schedule C to your regular form 1040. Submit the forms to the IRS. There is no need to indicate on your Schedule C that you are closing your sole proprietorship. Advertisement.

The 1040 Schedule C form is critical if you're self-employed. Many professional athletes, as well as truckers, writers, and others, need to file 1040 Schedule C. Photo: Jim Epler , Flickr ...

According to the SOI, for 2009, nearly 22.7 million individual income tax returns (nonfarm sole proprietorships) reported total profits of $244.8 billion on a Schedule C.

Taxpayers who file Schedule C with their Form 1040 have a greater chance of an IRS audit. Kiplinger. ... Schedule C is a treasure trove of tax deductions for self-employed people.

When you file your income taxes, you'll need to submit Schedule C in addition to your 1040. You can use the shorter Schedule C-EZ form if you have business expenses of $5,000 or less, have no ...

Remember that health-insurance premiums are not deductible on Schedule C. Rather, they are an adjustment to income (shown on the first page of your Form 1040). For 2001, the adjustment is 60 percent.

Line F of the Schedule C tax form is used to report the accounting method of choice, whether cash or accrual. By checking one of the boxes, small business owners can indicate the method they have ...