What is a Schedule C?
Schedule C, Profit or Loss From Business is the primary IRS form used to report the income and expenses for a sole proprietorship. If you own your own business, have not incorporated or filed any other formation documents, then you will file a Schedule C with your personal income tax return to report the income and expenses for that business.
Sole proprietorships typically include:
Real Estate Professionals
Health Insurance Sales Agents
Independent Sales Agents