Schedule C Tax Tips - What Income Tax Forms Should You File?
See the actual form instructions for details, or even speak along with your accountant regarding Section 179, which enables virtually just about all sole proprietors to be able to say goodbye to those complex depreciation rules. Additional typical synonyms for sole proprietor include impartial contractor as well as self-employed.
Note: In case your company entity is actually a restricted liability organization (LLC) along with you are usually the merely owner (aka "member" throughout LLC lingo) with the LLC, you could well be taxed just like a sole proprietorship. any single-member LLC may also pick to become taxed like a corporation simply by filing Form 8832. Your total expense via