Small Business Tips
Sole Proprietorships
A sole proprietor is someone who owns an unincorporated business by himself or herself. However, if you are the sole member of a domestic limited liability company (LLC), you are not a sole proprietor if you elect to treat the LLC as a corporation.
If you are a sole proprietor use the information in the chart below to help you determine some of the forms that you may be required to file.
Income Tax Forms:
1040(PDF): http://www.irs.gov/pub/irs-pdf/f1040.pdf
Schedule C(PDF):http://www.irs.gov/pub/irs-pdf/f1040sc.pdf
C-EZ(PDF):http://www.irs.gov/pub/irs-pdf/f1040sce.pdf
Self-employment tax
Schedule SE (PDF):http://www.irs.gov/pub/irs-pdf/f1040sse.pdf
Estimated tax
1040-ES (PDF):http://www.irs.gov/pub/irs-pdf/f1040es.pdf
Social security and Medicare taxes and income tax withholding
941 (PDF):http://www.irs.gov/pub/irs-pdf/f941.pdf
944 (PDF):http://www.irs.gov/pub/irs-pdf/f944.pdf
8109 (PDF) (to make deposits): http://www.irs.gov/pub/irs-pdf/f8109b.pdf
Providing information on social security and Medicare taxes and income tax withholding
W-2 (PDF) (to employee): http://www.irs.gov/pub/irs-pdf/fw2.pdf
W-2 (PDF): http://www.irs.gov/pub/irs-pdf/fw2.pdf
W-3 (PDF) (to the Social Security Administration):http://www.irs.gov/pub/irs-pdf/fw3.pdf
Federal unemployment (FUTA) tax
940 (PDF): http://www.irs.gov/pub/irs-pdf/f940.pdf
8109 (PDF) (to make deposits):http://www.irs.gov/pub/irs-pdf/f8109b.pdf