[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-302025-105":53,"doc-detail-302025-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","how-to-fill-out-the-schedule-c","How to Fill Out the Schedule C","","Guidance on completing IRS Schedule C to report annual self-employment income, including how profits and losses are calculated and how taxes may require quarterly estimates. The document explains the two main sections—earnings and expenses—by breaking down gross receipts, gross income, returns, cost of goods sold, and other income. It also covers qualifying for Schedule C-EZ, selecting an accounting method, entering general information, and organizing deductible expenses like advertising, utilities, rent, car costs, and insurance.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/how-to-fill-out-the-schedule-c/302025/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/how-to-fill-out-the-schedule-c/302025.png","ImageObject",442,249,{"name":88,"@type":89},"Asher","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-24","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":79},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What is Schedule C used for and when is it filed?","Question",{"text":108,"@type":109},"Schedule C reports taxes annually for self-employed individuals by calculating profit (or loss). The document notes the annual deadline is April 15.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How do the Schedule C-EZ requirements differ from the full Schedule C?",{"text":113,"@type":109},"Schedule C-EZ is a simplified version for self-employed workers and contractors who earned a profit, have expenses not greater than $5,000, have no employees and no inventory, and are not using depreciation or deducting the cost of a home.",{"name":115,"@type":106,"acceptedAnswer":116},"Which entries belong in the income and expense parts of Schedule C?",{"text":117,"@type":109},"Income includes gross receipts or sales, returns and cost of goods sold (when applicable), other income, and gross income. Expenses include deductible business costs such as advertising, utilities, rent, car expenses, insurance, and totals that flow into Box 28.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},302025,1790010316,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":76,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":79,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":73},687197207639,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","How to Fill Out the Schedule C  \nFor those that enjoy the benefits of running their own business are also responsible for their own taxes. Unlike employees, who have taxes withheld out of every paycheck, independent contractors may need to withhold taxes on their own income or use their own funds to make quarterly payments to the IRS. The Schedule C form is used to report taxes annually for their yearly income.  \nHere’s the rundown on the Schedule C:  \nSchedule C Form  \nThe Schedule C form helps anyone who is self-employed calculate the profit (or loss) of the business for annual taxes, which are due on April 15. A Schedule C form has two general parts: earnings and expenses. Under the earnings category, you will see “Gross receipts or sales,”which refer to all the money flowing into the business.“Gross income” refers to revenue minus direct costs such as wholesale purchases.  \nThe expenses section of the Schedule C includes common costs like advertising, utilities, rent, car expenses, and insurance. Make sure to track these expenses regularly, always saving and organizing receipts. Even though Schedule C only has to be filed with annual taxes, it’s good practice to fill one out for quarterly taxes too. Remember, it's important to make accounting a regular business habit to build a financially viable business.  \nHow to Fill Out the Schedule C  \nLet’s go through the steps to take in filling out the Schedule C:  \nDetermine How Many Schedule Cs You Need  \nWhat is the Schedule C-EZ and could you use it?  \nSimilar to the  1040-EZ, which is the simplified version of the 1040 form, the Schedule C-EZ is the simplified version of the Schedule C. Self-employed workers and contractors should fill out the Schedule C-EZ if they:  \n• Earned a profit  \n• Have expenses are not greater than $5,000,  \n• Have no employees,  \n• Have no inventory, and  \n• Are not using depreciation or deducting the cost of their home  \nRead IRS Guidelines on the Schedule C-EZ  \nHow many Schedule C’s do I need to fill out?  \nDepending on the sources of 1099 income, contractors may need to fill out multiple Schedule Cs. Why? Because the IRS requires contractors to fill one out for each business type or professional activity they engage in. However, the IRS isn’t incredibly straightforward on what constitutes a separate business type. Any contractor who provides different services or goods for different industries, may need to fill out a Schedule C for each business type or industry. Say, for example, a freelance graphic designer also drives for Lyft. In this case, the designer may need to fill out two Schedule Cs: one for Lyft income and another for design income.  \nInput General and Earnings Information on the Schedule C  \nGeneral Information  \nLet’s walk through the first part of the Schedule C where basic information is entered.  \nA. Principal Business or Profession  \nIn this line, describe the type of work, like “driving services” or “design services.”  \nB. Code  \nThe code referred to in this line corresponds with the “Principal Business or Professional Activity Code” that the IRS uses to keep track of industries’ growth. Find the code for the typeof business. Here’s a list of principal activity codes.  \nC, D, E. Business Name, EIN and Address  \nOnly registered incorporated businesses (e.g. LLC) need to fill out business name and employer identification number. This should be left blank if the business is not registered. The address should be the contractor's up-to-date personal address or office space address.  \nF. Accounting Method  \nIn this section, input the kind of accounting method used—either a cash or accrual basis. Many independent contractors (who are unincorporated) use the cash method in which earningsand expenses are counted as they happen. You should talk with your tax accountant if you have questions about which method to use.  \nG, H, I, J. Additional Questions  \nThese questions are pretty self-explanatory. If a business hired any contractors or f","cbCaiuA2mUzb8SUL","https://ap.wps.com/l/cbCaiuA2mUzb8SUL","pdf",395529,"English","# How to Fill Out the Schedule C\n## Schedule C overview and purpose\n## Schedule C-EZ eligibility and when to use it\n## Determine how many Schedule Cs you need\n## Enter general and earnings information\n## Part I: Income\n## Part II: Expenses\n## Part III: Cost of Goods Sold\n## Part IV: Vehicle information","[{\"question\":\"What is Schedule C used for and when is it filed?\",\"answer\":\"Schedule C reports taxes annually for self-employed individuals by calculating profit (or loss). The document notes the annual deadline is April 15.\"},{\"question\":\"How do the Schedule C-EZ requirements differ from the full Schedule C?\",\"answer\":\"Schedule C-EZ is a simplified version for self-employed workers and contractors who earned a profit, have expenses not greater than $5,000, have no employees and no inventory, and are not using depreciation or deducting the cost of a home.\"},{\"question\":\"Which entries belong in the income and expense parts of Schedule C?\",\"answer\":\"Income includes gross receipts or sales, returns and cost of goods sold (when applicable), other income, and gross income. Expenses include deductible business costs such as advertising, utilities, rent, car expenses, insurance, and totals that flow into Box 28.\"}]","How to Fill Out the Schedule C | PDF",1789788207]