Small business tax help website
 

Self Employment Tax Return

 

When are the self employed required to file tax returns? How much do I have to make in self employment to be required to file a tax return?

If you had net earnings from self employment of at least $400, you must file a federal income tax return.

 
Which tax forms to use to file self employment tax return?

If you are self employed or a statutory employee reporting expenses, you report your business income and expenses on Form 1040 Schedule C, Profit or Loss from Business, unless you are self employed as a member of a partnership.

 

What self employment tax return form to use for multiple self employment businesses?

If you have more than one business, you report the income and expenses of each business on a separate Schedule C form of tax form 1040. The total profit (or loss) from all of the sole proprietorships is entered on line 12 of Form 1040.

 
When to use Schedule C-EZ?

Small businesses and statutory employees with expenses of $5,000 or less may be able to file Schedule C-EZ, Net Profit From Business, instead of Schedule C.

 

What self employment tax return form to use for a self employed farmer?

If you are a self employed farmer, you report your business income and expenses on Schedule F, Profit or Loss From Farming.

Self Employment Tax Return