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Form 1040 (Schedule C-EZ) for Gilbert Arizona: What You Should Know

Tax Form and Documents — Ben Franklin & Associates, LLC Publication for 15 Pub 15‑AP Publication for 15‑APubl 15‑B Publication for 15‑B Tax Notes for the Individual Investor, LLC For most people, a Schedule C-W is all they need to report all their business income on Schedule C (Form 1040). The only exception is if your business makes only a small amount of business income that is not shown on Schedule C-W. In addition to the 15% business tax, there are also tax consequences when there are any capital gains or losses from the sale of your property. It can be difficult to determine which income and gains are subject to which tax rate. For more information on these and other taxes (including net capital gain and loss rules), see Tax Guide for the Individual Investor, LLC. Taxes: Schedule C‑EZ (Schedule C-EZ) — Tips For The Individual Investor, LLC Table 3 — Business and Farm Income Amount on line 1 of Schedule C-EZ Business Line 1. Business income of 500 or less must be itemized on line 2 of Schedule C-EZ. For amounts over 500, write them on line 3 of Schedule C-EZ. Line 2. For Schedule C-EZ, write “Itemized” as the first item online.

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