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Business & farm
That sounds great! I think it help to know what the sch C actually looks like so you can track expenses to match the form. About Schedule C (Form 1040), Profit or Loss from Business ...
Since it sounds like you will have self employment income and self employment taxes, you may need to make quarterly payments unless you have a W4 with a job that you can change. You can use the IRS tax estimator / W4 planner anytime throughout the year.
A few more just to be safe!
- Publication 583, Starting a Business and Keeping Records
- Deducting Expenses
- Recordkeeping
- Hobby or a Business.
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March 17, 2020
4:47 PM