MileIQ: Mileage Tracker & Log

MileIQ Inc.

GET — On the App Store

View
MileIQPricing
Open MenuClose Menu
Taxes

Important IRS Forms for Self-Employed, Small Business Owners

Marin Perez
May 10, 2019

Download MileIQ to start tracking your drives

Automatic, accurate mileage reports.

Get Started

Your taxes can be a bit more complicated when you're self-employed, a freelancer or a small business owner. We've put together a list of important IRS forms for self-employed workers in order to make your life a little bit easier at tax time.

IRS forms for self-employed, small business owners

The IRS has put together a nice hub for the self-employed. You can find that here. We'll list out a few of the major ones, as well as provide a few tips you might find useful.

Filing and paying business taxes

This page offers all the forms you'll need for filing, reporting and paying business taxes. Remember, if you're self-employed or a small business owner, your chances of getting an audit are higher than W2 employees. Maximize your deductions of course, but pay the taxes you owe.

Download MileIQ to start tracking your drives

Automatic, accurate mileage reports.

Get Started

IRS Form 1040 Schedule C

The IRS Form 1040 Schedule C is the form you'll use to report your profit or loss from your self-employed business if you're a sole proprietor. This is also the form where you're going to log your deductible business expenses.

Some of the major deductible business expenses include:

Employment tax forms

The Employment Tax Forms is where you'll go if your business employs people. You'll be able to find the proper forms to request an Employer Identification Number, determine worker status, fill out 1040 forms for employees and more.

Here are some articles that will help you determine which forms you and your freelancing operation or small business will need:

Still tracking miles by hand?

Use MileIQ to automatically keep a full, IRS friendly mileage log.

Get Started

Related Blog Posts

Small Business Tips

Are vehicle registration fees deductible?

Vehicle registration fees are deductible on your federal income tax return under certain conditions. Learn about the specific requirements for your state.

Small Business Tips

How Important Is It for Construction Workers to Track Mileage?

Construction workers should track mileage because it can lead to a major deduction at tax time. Here is a look at cost accounting vs tracking mileage.

Financial advisor having a meeting about incorporating a business
Small Business Tips

What it means to incorporate a business

Thinking of starting a business or already have company? We cover what an incorporated business means for you and your tax bill.

restaurant owner working in booth
Small Business Tips

What are Force Majeure Contract Clauses?

Force majeure clauses are also known as "Act of God" clauses. The contract can excuse people or businesses from doing what they promised—such as paying rent

Small Business Tips

Minimum wage, what small businesses need to know

Read this article to learn what minimum wage means and how to remain compliant with minimum wage laws at the federal, state and municipal level.

Small Business Tips

What are Exempt vs. Non-Exempt Employees?

Exempt vs. non-exempt employees have different rules when it comes to compensation. Learn what the differences are and how it can impact your business.

MileIQ: Mileage Tracker & Log

MileIQ Inc.

GET — On the App Store

View
MileIQPricing
Open MenuClose Menu

Your taxes can be a bit more complicated when you're self-employed, a freelancer or a small business owner. We've put together a list of important IRS forms for self-employed workers in order to make your life a little bit easier at tax time.

IRS forms for self-employed, small business owners

The IRS has put together a nice hub for the self-employed. You can find that here. We'll list out a few of the major ones, as well as provide a few tips you might find useful.

Filing and paying business taxes

This page offers all the forms you'll need for filing, reporting and paying business taxes. Remember, if you're self-employed or a small business owner, your chances of getting an audit are higher than W2 employees. Maximize your deductions of course, but pay the taxes you owe.

IRS Form 1040 Schedule C

The IRS Form 1040 Schedule C is the form you'll use to report your profit or loss from your self-employed business if you're a sole proprietor. This is also the form where you're going to log your deductible business expenses.

Some of the major deductible business expenses include:

Employment tax forms

The Employment Tax Forms is where you'll go if your business employs people. You'll be able to find the proper forms to request an Employer Identification Number, determine worker status, fill out 1040 forms for employees and more.

Here are some articles that will help you determine which forms you and your freelancing operation or small business will need:

Get started for free