Printable blank SCHEDULE C (Form 1040)

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What is Schedule C (Form 1040)? 

Form 1040 is a must-have form for all US citizens. It shows your income and how much taxes you need to pay. Schedule C is a variation of Form 1040 for business owners, self-employers,  and people who earn money from a hobby.

What I need Schedule C (Form 1040) for? 

You need to fill Schedule C form if you are a business owner, statutory employee, sole proprietor, and any other agent with diverse types of incomes. Knowing your incomes and losses, the government defines the taxes you need to pay. Note that if your income is less than $5,000 in business expenses, you need to fill in the 1040 schedule C-EZ form, not Schedule C. 

Filling out Schedule C (Form 1040)

The form consists of 5 parts you need to fill. On the top, you can find the fields where you need to specify the company’s name, address, accounting methods, and other details to provide the government with general information about your business.

In Part I, give information about your incomes. It is a very small and understandable section. Part II is about your expenses. In Part III, provide information about the cost of goods sold. Here you need to specify the price of materials, supplies, cost of labor, and so on. If on line 9 (Part II), you claimed car or truck expenses, fill the Part IV. If no, feel free to skip it. Part V is for declaring other expenses. 

With PDFLiner you will be able to open a blank Schedule C form, edit and print it or download it as a PDF document. The form already contains fillable fields, so all you need is just enter your information.

Organizations that work with Schedule C (Form 1040)

  • Business owners;
  • Freelancers.IRS Form W-9 Resources

Related to Form 1040 Schedule C Tax Documents

IRS Form Schedule C (Form 1040) Resources 

Relevant to Schedule C (Form 1040) form 2021

how to fill out a 1040-nr-ez w 9 pdf forms tax form 8962

How to fill out a Schedule C Form 1040?

Step 1. Open the document in PDFLiner and press the first box. Enter the name of a proprietor;

Step 2. Provide the data on their business or profession. State the name of the business and the address;

Step 3. Tick the right box in accounting method and types of payments;

Step 4. Include detailed information about the income in part 1. You have to state the gross profit, other income, returns, cost of goods that were sold;

Step 5. In part 2, you need to calculate the expenses. Enter the information, checking twice whether it is correct. Include office and car expenses, ads, commissions, and fees;

Step 6. Part 3 must include information about the cost of sold goods;

Step 7. Part 4 is for the information about the vehicle you have;

Step 8. Indicate other expenses in part 5.

FAQ: Schedule C Form 1040 Popular Questions

What is the purpose of Schedule C?

  • The Schedule C of Form 1040 was created to report on the income and losses from the business you have.
  • It is intended for sole proprietors. You have to be self-employed to send the form to the IRS and report the gains/losses.
  • It must be filed with the tax return form.

Where to deduct internet expenses on Schedule C?

You will find that there is no specific box for the Internet expenses on Schedule C. Yet, you have to include them as well if you have them. Part 5 stands for “Other Expenses” and can be filled with the numbers from the expenses on the Internet. You can name them “Business Internet Service Expenses”. After that, transfer this number to the 27th Line of the form.

Where to deduct business gifts on Schedule C?

Use Part 5 to write down the business gifts on Schedule C if you gave them. Name them “Business Gifts” and calculate the expenses. Afterward, add everything you include in Part 5 and indicate the total number on line 27a, which stands for “Other expenses.”

How to get a Schedule С Form 1040?

You can get Schedule C Form 1040 in two ways. The first one is classic and standard. You can find the document on the IRS. However, to fill it, you will have to download the form, print it, and use the ink-and-paper method to complete the document step by step. Yet, you can simply open the form on PDFLiner and fill all the lines online in no time, using the tools the program offers you.

How to file a Schedule C Form 1040?

  • You have to attach this Schedule to Form 1040, 1040-NR, 1040-SR, or 1041.
  • After filling it, send the information to the IRS. You don’t need to use the classic method and send it by mail to the physical address of the IRS, do it online instead.
  • You may also file the document via the IRS app.

What is line 23 Schedule C?

The 23rd line in Schedule C is for taxes and licenses you pay in business. You will find it in Part 2 named “Expenses.” You may deduct the personal property or real estate taxes on the business assets, fees, and licenses for your business or trade. Include the Social Security and Medicare taxes you pay for employees.

How to sign the Schedule C Form?

You don’t need to sign the Schedule C form, but still have to sign the form that comes with this schedule. To do it, you can either print the form and sign in a classic way or open PDFLiner and press a Sign Field with the left click. It will provide you with several options. You can create the e-signature from the start, download the photo from your phone, or use the signature you have on the computer.

Hear What PDFLiner Users Have to Say & Join Them Today

  • Werner Voss
    I use PDFLiner to simplify my company’s workflow. The devs behind the tool know my business needs like no other and adjust their software to meet my specific requirements. I started using the platform when I was looking for a solid Schedule C maker. Now it’s my go-to cloud-based file management solution. Tons of printable business forms here... The best tool ever, hands down...
  • Sam Harrison
    Tax Manager
    Most of my clients are sole proprietors who need professional tax preparation on a regular basis. Thanks to this service, I find and complete blank Schedule C, as well as any other tax form fast and easy. The tool is a real time saver for professional tax preparers like me.
  • Rachel Matthews
    I’ve chosen to manage my tax documents without turning to professional help, and I find PDFliner to be the best assistant in this endeavor. With the tool, finding a fillable Schedule C template, as well as completing it and signing online is a cakewalk. And I love the prompts the program provides, it really helps me speed up the process. Thanks, guys, for creating this amazing software. You know me by name, not by a number, and I appreciate that greatly.
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