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What Tax Forms Do Sole Proprietors Need?

A sole proprietorship is an unincorporated business that is owned by one individual. You include the income and expenses of the business on your own tax return. 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.

Note: the table below contains links to Internal Revenue Service (IRS) forms in PDF format.

If you are a sole proprietor then you may be liable for...	Use Form...
Income Tax	1040 and Schedule C or C-EZ ( Schedule F for farm business)
Self-employment Tax	1040 and Schedule SE
Estimated Tax	1040-ES
Employment Taxes: Social security and Medicare taxes and income tax withholding Federal unemployment (FUTA) tax Depositing employment taxes	941 ( 943 for farm employees) 940 or 940-EZ (Must be filed electronically)
Excise Taxes	Refer to the Excise Tax web page

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