Do you have self-employed income? If so, you need to know how to report it on your 1040 tax form. In this video, we'll explain how to report your self-employed income on your 1040 tax form, and provide tips on how to make the most of this income.

This video will apply to sole proprietors, self-employed, 1099 contracts and those who own single member LLCs. You'll want to fill out Schedule C on your 1040 tax return which includes your sales/revenue and your business tax deductions to arrive at taxable income. #selfemployed #independentcontractor #smallbusiness #smallbusinesstaxes, #scheduleC #1040 #taxreturn

Keep learning more about this subject, check out the following:

What the heck is a 1099 NEC? (IRS 1099-NEC Form)
[ Ссылка ]

What the heck is a 1099 MISC? (IRS 1099-MISC Form)
[ Ссылка ]

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Disclosure Disclaimer: The information in this video is provided for general educational purposes only and may not reflect changes in federal or state laws. Please consult with a professional tax advisor about your facts and circumstances.

Circular 230 Disclaimer. Nothing contained herein concerning certain federal income tax considerations is intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transactions or tax-related matters addressed herein.

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