The IRS provides directions on how to fill out a schedule C tax form, but our step-by-step walkthrough is written in plain English (and is very helpful).| www.fundera.com
As your business grows, though, your accountant might encourage you to make an S-Corp election status in order to leverage certain tax benefits. If this is the case, you will have a different form to file: Form 1120S.| www.fundera.com