Self-Employed Tax Questions: Which Federal Tax Forms Should I File For My Sole Proprietorship?
If you're self-employed and new to the world of taxes, there are numerous tax forms you may be required to file. Here's an overview of the most common tax forms needed by the typical sole proprietor.Income Taxes. A sole proprietor does not file a separate business income tax return. Instead, you will file Schedule C or Schedule C-EZ as part of your federal personal income tax return (Form 1040). The "bottom line" from either of these forms flows to Form 1040, page 1. The entire Form 1040, including Schedule C or C-EZ, is due on April 15....