If you are a sole proprietor, any earnings you make or expenses you incur as a business owner are included as part of your individual annual tax return (Form 1040). To calculate exactly what to report on Form 1040, you must itemize all operational income and expenses on one of two forms – Schedule C or Schedule C-EZ.
But which one should you use and how do you file? Here’s what you need to know.
Which Tax Form Should You File? Schedule C or the (Easier) Schedule C-EZ?
Posted by SBA.gov under TaxesFrom http://www.sba.gov 4021 days ago
Made Hot by: ObjectOriented on March 29, 2013 12:11 pm
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