This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Federal, state and local agencies impose recordkeeping ...

A sole proprietor includes business income and expenses as part of his personal Form 1040 tax return. For most self-employed business owners, the information is reported on Schedule C, but some ...

Question: I have been in business for four years operating as a sole proprietorship filing on Schedule C of Form 1040. I have been debating switching to an S corporation. Can you please compare the ...

Simplicity is the primary reason the majority of small business owners choose to form sole proprietorships. In 2007, business owners filed more than 23 million tax returns with sole proprietor income.

As a freelancer or contractor, at some point you may wish to incorporate and be taxed as an S corporation. Here’s a closer ...

Here's a comprehensive list of IRS business forms for small-business owners — plus, a brief overview of each. Many, or all, of the products featured on this page are from our advertising partners who ...

The birds are singing, the sky is blue and the lilacs are blooming, but I am fixated on a tax form bearing a yellow Post-it that says "SOS." The SOS is from myself to myself. This particular SOS ...