To get you started, we’ve provided a line-by-line summary of what each section in the Schedule C means, so you have the confidence to complete this filing with ease. It can understandably look daunting if you haven’t filled out a Schedule C before! The IRS provides 18 pages of accompanying documentation which can be really helpful for the finer details however, it can still be quite challenging to interpret exactly what you need to do.
The Schedule C is an IRS form that most self-employed DTC sellers must complete annually.Įssentially, the information you provide in this form is used by the tax man to determine how much money you made from your business, and how much you can claim on deductions (the expenses you have made to run your business).
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