H&R Block's Uber Reporting Guide

H&R Block's Uber Reporting Guide

Schedule C - Reporting Business Income by the Self-Employed

Use this as a quick reference when filing a Schedule C for a self-employed taxpayer.

Schedule C - Reporting Business Income by the Self-Employed

Or download and print the pdf: Schedule C - Reporting

Tax Prep Dispatch: Don’t Fear Schedule C's

As you know from your online training, self-employment income is reported on a form Schedule C or Schedule C-EZ.

The Don't Fear Schedule C's Tax Prep Dispatch gives a quick overview Schedule C's, including: VITA scope, types of income and expenses, self-employment tax, estimated tax payments, record keeping, and other tips.

Read the Don't Fear Schedule C's Tax Prep Dispatch.

Read more Tax Prep Dispatch articles.

Qualified Business Income Deduction (QBID) Correct Calculation

In some cases, TaxWise is not computing the QBID correctly. The preparer will have to do a manual calculation and, in some cases, override the QBID. This applies only to tax returns with self-employment income, Schedule C-EZ or Schedule C, and does not affect state returns.

Click here for instructions on how to correctly compute the deduction.