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 SCIF Form 5159  State Compensation Insurance Fund 2011

2011-2025 Form

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Instructions and help about SCIF Form 5159 State Compensation Insurance Fund

if you're an independent contractor self-employed running a small business where do you report the results when you're 10 40. Schedule C this is what you see in the background here this is we're going to report those results one thing you do want to remember if you're filing a Schedule C you get to deduct your business expenses here unlike those in a W-2 employment and this is where you want to keep your receipts and all the support to back up any expenses directly related to your business so you can offset your 1099 or small business Revenue and the way Schedule C works at its simplest form you have your Revenue your sales your 10.99 income that you received and then you get to deduct all your Direct business expenses to ultimately get down to your schedule C Net Income which is ultimately what's going to be taxed under 10 40. this is a very simple explanation what a Schedule C is but basically that's where you want to report any small b

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