I have a question about how to file 1099-MISC Form. Do I use Schedule C for 1099-MISC reporting?
Regarding how to file 1099-MISC Form and Schedule C for 1099-MISC, use Schedule C to report income or loss from either of these:
- A business you operated
- A profession you practiced as a sole proprietor
An activity qualifies as a business if both of these are true:
- Your primary purpose for engaging in the activity is for income or profit.
- You’re involved in the activity with continuity and regularity.
Use Form 1040, Line 21 to report income or loss from an activity or a hobby that isn’t a business.
Learn more about letter 168C, why you received the letter, and how to handle an IRS bill for unpaid tax with help from the tax experts at H&R Block.
Learn more about form 1098-T from the tax experts at H&R Block.
Federal and state tax rates are constantly in a state of change. In case you missed important updates within your state, review the upcoming changes for 2018 and beyond.
What is a W-4 form? If you're not sure how to fill out a w-4 form or how to maximize your refund through your withholding allowances, learn more at H&R Block.