Taxman123.com logo

Index - Home Page
TaxMan123-Blog
TalkTaxes.blogspot.com/
Tax Blog
1040X Tips - Fix Your Return
Tax Trouble - What to Do
Filing and/or Paying Late
Free 2014 Monthly Calendar
Free 2013 Monthly Calendar
New Offer In Compromise (OIC) Good Changes
2013 & 2014
IRS Mileage Allowance
IRS Form 1099-Misc
IRS Form 1099K
W9 Print Form - Eng & Span
2013 W-4 Withholding Form
2010 - 2011 - 2012
IRS Earned Inc. Credit
Past Tax Info And Forms
Deduct
Medical and Dental Expenses
Energy Efficiency Tax Credit
IRS Home Office Deductions
How To Save On Taxes
Tax Relief
Education 2012 (HOPE)
American Opportunity
Education Deduction
Parental Support Deduction
Where Is My Tax Refund?
Online Tax Help
IRS Taxpayer Advocate
Learn To Do Tax Preparation
State Sales Tax Rates
Tax Deductions - Musicians
Title 26 Internal Revenue Code and IRS Rules
The original 1913 1040 Form
Tax Humor

Tax FormsThe IRS Schedule C Profit and Loss From Business for 2010

There are some changes from last year so look at the instruction sheet to get all the latest info so that you won't make any mistakes.


The IRS says:

Use Schedule C (Form 1040) to report income or loss from a business you operated or a Profit or Loss profession you practiced as a sole proprietor. An activity qualifies as a business if your primary purpose
for engaging in the activity is for income or profit and you are involved in with continuity and regularity.

 

For example, a sporadic activity or a hobby does not qualify as a business.

To report income from a nonbusiness activity, see the instructions
for Form 1040, line 21, or Form 1040NR, line 21.

Also, use Schedule C to report (a) wages and expenses you had as a statutory employee, and (b) certain income shown on Form 1099-MISC, Miscellaneous Income.

See the Instructions for Recipients (back of Copy B of Form 1099-MISC) for the types of income to report on Schedule C.

Small businesses and statutory employees with expenses of $5,000 or less may be able to file Schedule C-EZ instead of Schedule C. See Schedule C-EZ for details.

You may be subject to state and local taxes and other requirements such as business licenses and fees.
Check with your state and local governments for more information.

Download printabable pdf file of the IRS 2010 Schedule C Form

Download printable Instructions for the 2010 Schedule C

Download printable 2010 Schedule C EZ

As always check the facts as with all government info may be subject to change. For more information go here www.IRS.Gov

 

www.1040-Forms.com www.Social-Security.biz Disclaimer and Privacy Policy
www.W4Form.biz www.WhatisTax.org www.irs.gov
www.PrintW9.com   www.2013-Mileage-Allowance.com