WebOn this Schedule C form, line C, I have the name of the 'business', complete with EIN #, I created for my independent work in order to create a solo 401k last year - this 'business', under which I work with my independent clients, is to be distinguished from the aforementioned tutoring company, which gives me additional clients. WebJul 20, 2016 · The bolded part is actually bolded by the IRS in the instructions. So if the proprietor has an EIN in his or her name, that EIN would go on the Schedule C. If the proprietor doesn’t have an EIN, the EIN line is left blank. If the proprietorship is a one-person LLC, and the LLC has an EIN, the EIN line is left blank because that EIN belongs to ...
About Schedule C (Form 1040), Profit or Loss from …
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Schedule C: Who needs to file and how to do it - irsvideos.gov
WebSep 26, 2024 · Independent contractors (also known as 1099 contractors) use Schedule C to report business income. If you’re a 1099 contractor or sole proprietor, you must file a Schedule C with your taxes. Your Schedule C form accompanies your 1040 and reports business income, expenses, and profits or losses. If you operate a business in the … WebMar 29, 2024 · To determine what amount should go on line 4 of the Schedule C, you have to fill out part III on page 2. Line 33 asks you to choose an inventory method. For most … WebFrom within your TaxAct Online return, click the Tools dropdown, then click Forms Assistant. Click + next to the Forms and Schedules manila folder (if that section is not already expanded). Click Form 3115 - Application for Change in Accounting Method: Quick Entry Available. Click + Add to create a new copy of the form, or click Form to edit ... giant weed whacker