What Is a 1040 Schedule C Tax Form, and Will You Need to File It?
When it comes to utilizing information from different tax forms, the requirements you’ll need to follow depend largely on the ways you work and how you’re employed. Gig workers, freelancers and other self-employed individuals may need to file a type of tax form that’s called 1040 Schedule C. This form helps to determine both the taxes and/or refunds that a self-employed person may receive.
When filing your taxes, it’s important to report all income and equally important to properly report expenses. Here’s how a 1040 Schedule C form helps you take care of that.