Schedule C Form 1040 Sole proprietor, independent contractor, LLC. How to fill out form Schedule C.
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 Published On Mar 1, 2021

Schedule C form 1040 for Sole proprietor, independent contractor, Single Member LLC.
#Katie_St_Ores #ScheduleC #1040
Schedule C (Form 1040)
2022 schedule c is close to 2021.
How to fill out a 1040 Schedule C. Tips to filing a 1040 tax return Schedule C includes home deduction, Car expense, COGS, Expenses, Mileage, Schedule C line 31.

Where to find Schedule C form 1040:
IRS form Schedule C https://www.irs.gov/pub/irs-pdf/f1040...
IRS Form 1040 Schedule C https://www.irs.gov/forms-pubs/about-...
IRS Form 1040SR https://www.irs.gov/forms-pubs/about-...

Schedule C form 1040 Video Log:
00:22 How to find 1040 Schedule C
00:38 IRS.gov About Schedule C
01:07 Schedule C in .pdf
01:45 Schedule C instructions
02:05 Paperwork needed to fill in Schedule C
02:39 Mileage records
03:08 Schedule C Profit or loss from business
03:25 Who needs a 1040 Schedule C
03:40 Start filing out the Schedule C form
04:29 Business Codes
05:01 EIN number
05:30 Schedule C accounting Method Cash method
05:59 Did you send 1099
06:45 Schedule C Part 1 income
07:15 Cost of goods sold Line 42
07:26 Schedule C Gross Profit
07:55 Schedule C Part 2 Expenses

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Katie walks through how to prepare your 1040 Schedule C form 1040. She talks about 1040 Schedule C directions, Profit and Loss and the Schedule C, 1040 Schedule C Mileage, Schedule C home office.

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Katie also does step by step instructions for the SOLE PROPRIETOR, INDEPENDENT CONTRACTOR, SINGLE MEMBER LLC, IRS.

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Please understand that these videos are for EDUCATIONAL purposes only and are very general.. All people and their financial situations are different. So it is important to consult your own financial professional.
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Schedule C form 1040 2022
Katie St Ores CFP®, ChFC®, EA, LTC
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0:00 Introduction
0:20 How to find Schedule C...
0:29 Google Schedule C
0:43 1040 for under 65 years of age
2:43 Inventory Count & Valuation
4:28 Principal Business or Professional Activity Codes
4:52 EIN = mployer dentification umber
5:12 It will use the address from the 1040.
5:25 Most Businesses use the Cash Method
6:08 Did you pay independent contractors?
7:04 Box 2... Returns
7:16 Cost of good sold - Comes from line 42
7:27 All other income goes on line 6.
7:56 Part II - Expenses
8:47 Contract labor - line 11, NOT employees
9:51 Time to hire a tax professional?
10:26 Everything else goes on line 27a.
10:44 Deductable meals - 50% write off
13:08 Home Office deduction
13:19 Business use of your home...
13:33 Now for the Simplified method.
13:41 Safe Harbor is like a fudge factor.
14:08 Line 31 = Net Profit or Loss
14:19 Form 1040(Schedule 1) line 3
15:31 Using personal vehicle for business
15:52 And not required to file Form 4562

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