FAQ Search Results

I have run a small business as a sole proprietor in the past but this year I had no income or expenses from the business. Is it necessary that I file a Schedule C?

I'm self-employed as a sole proprietor. How do I report my income and pay Social Security and Medicare taxes?

My son is a newspaper carrier. I would like to know if his income is subject to Social Security and Medicare taxes, and if he must file a Schedule C.

On what form do I deduct the standard mileage rate for my business travel, and do I also need to figure depreciation of the vehicle?

What forms do we file to report a loss on the sale of a rental property?

I received a Form 1099-NEC with an amount in box 1 for nonemployee compensation. What forms and schedules should I use to report income earned as an independent contractor?

Can a married couple operate a business as a sole proprietorship or do they need to be a partnership?

What is the due date for business income tax returns?

I received a Form 1099-NEC instead of a Form W-2. I'm not self-employed and don't have a business. How do I report this income?

I use my home for business. Can I deduct the expenses?