Proprietors must file Form 1040, which is the standard form for the income tax returns. 3. File Schedule C: Attach Schedule C (Form 1040), which reports business incomes and expenses. 4. File Schedule ...

However, another crucial tax obligation is self-employment tax, which funds Social Security and Medicare. To calculate and report this tax, you must complete Schedule SE when filing your annual ...

let me introduce you to the Schedule C and its sister form Schedule SE, the forms most freelancers need to file with their 1040s. First of all, expect to dedicate a lot more time to completing ...