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If you are the sole owner of a business or operate as an independent contractor, you will need to file a Schedule C to report income or loss from your business activities.
The IRS does provide a simplified version of Schedule C, known as Schedule C-EZ (Form 1040), Profit from Business (Sole Proprietorship), that can be used by some sole proprietors, primarily those who work as independent contractors for one or more larger businesses.
If you have $400 or more of business income over and above your expenses, you need to file a Schedule C or C-EZ, and a Schedule SE to pay self-employment tax, even if you would not otherwise have enough income to be required to file a tax return.
The file is in Adobe Portable Document Format (.pdf), and you will need the free Acrobat Reader to view and print the file.
Toolkit is providing these tools free of charge. Some of these forms contain technical language and create significant legal obligations. Do not use any form without first having an attorney review the form and determine that it is suitable for the purpose for which you intend it.