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.
| IF you are liable for: |
THEN use Form: |
Separate Instructions: |
| Income Tax |
1040, U.S. Individual Income Tax Return (PDF) and
Schedule C (Form 1040), Profit or Loss from Business(PDF) or
Schedule C-EZ (Form 1040), Net Profit from Business (PDF)
|
Instructions for1040, U.S. Individual Income Tax Return (PDF)
Instructions for Schedule C (Form 1040) (PDF)
|
| Self-employment tax |
Schedule SE (Form 1040), Self-Employment Tax (PDF) |
Instructions for Schedule SE (Form 1040) (PDF) |
| Estimated tax |
1040-ES, Estimated Tax for Individuals (PDF) |
|
|
Social security and Medicare taxes and income tax withholding
|
941, Employer's Quarterly Federal Tax Return (PDF)
943, Employer's Annual Federal Tax Return for Agricultural Employees (PDF)
944, Employer's Annual Federal Tax Return (PDF)
|
Instructions for Form 941 (PDF)
Instructions for Form 943 (PDF)
Instructions for Form 944 (PDF)
|
| Providing information on social security and Medicare taxes and income tax withholding |
W-2, Wage and Tax Statement (PDF) (to employee)
and
W-3, Transmittal of Wage and Tax Statements (PDF) (to the Social Security Administration)
|
|
| Federal unemployment (FUTA) tax |
940, Employer's Annual Federal Unemployment (FUTA) Tax Return (PDF)
|
Instructions for Form 940 (PDF) |
|
Filing information returns for payments to nonemployees and transactions with other persons
|
See Information Returns
|
|
| Excise Taxes |
Refer to the Excise Tax web page |
|
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Page Last Reviewed or Updated: 2013-06-27
