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Rancho Cucamonga California Form 1040 (Schedule C-EZ): What You Should Know

Form 1040 Schedule T (Form 1040) for a Self-Employed  If your business is a sole proprietorship or limited liability company, you will need to file a Schedule C or Schedule T to report the profits or losses on your business income or business loss. Schedule T will also serve to record taxes due for your self-employed individual or proprietor(s). You may wish to file Form 1040T to record your gross income and total deductions for all your business activities, but we only need to know  the net income for the tax year, not the gross profit for your business in that year. Schedule C-EZ (Form 1040). Your Schedule C-EZ (Form 1040) (or 1040) includes three basic sections with separate sections for each filing type.  You can file your Schedule C-EZ (Form 1040) using Form 1040T (Form 1040) or as an individual  page 2 (form 1040) and page 2 (Form 1040) must be separate pages. When you file your Schedule C-EZ (Form 1040) as an individual (which requires you to use your own personal taxes for filing), your Schedule C taxes and payment will be due on each line of your Schedule C-EZ (Form 1040). It is helpful to make sure your personal taxes are all set up for you on a prepaid return envelop or mailbox. Form 1040 Schedule C-EZ (Form 1040): Paying Your Taxes For a self-employed individual:  Your Schedule C-EZ taxes and payment may be due at the same time as your personal taxes. However, if your personal taxes have been paid and processed, then your Schedule C-EZ (Form 1040) will be due the next business day, at the end of the business day on which the personal taxes were paid--for example, if personal taxes were paid on Monday, April 15th and your Schedule C-EZ (Form 1040) was due on Tuesday, April 16th, then the Schedule C-EZ (Form 1040) will be filed and due on Wednesday, April 17th. The amount of your filing will be adjusted accordingly.

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