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: |
Income Tax |
1040 (PDF) and Schedule C (PDF) or C-EZ (PDF) |
Self-employment tax |
Schedule SE (PDF) |
Estimated tax |
1040-ES (PDF) |
Social security and Medicare taxes and income tax withholding
|
941 (PDF) or 944 (PDF)
8109 (PDF) (to make deposits)
|
Providing information on social security and Medicare taxes and income tax withholding |
W-2 (PDF) (to employee)
W-2 (PDF) and W-3 (PDF) (to the Social Security Administration)
|
Federal unemployment (FUTA) tax |
940 (PDF)
8109 (PDF) (to make deposits)
|
Filing information returns for payments to nonemployees and transactions with other persons
|
See Information Returns
|
Excise Taxes |
Refer to the Excise Tax web page |
References/Related Topics
Rate the Small Business and Self-Employed Web Site
|
|
|
Page Last Reviewed or Updated: January 02, 2009