Question from a web visitor: why is the deduction for 1/2 of self-employment tax taken on the front side of the 1040 and not on the proprietorship’s Schedule C?
The general rule with home office deductions is that the deduction cannot generate a business loss. But there’s an exception to this rule.
What EIN should go on a W-9 for a single-member LLC?
When a sole proprietor has an employer identification number (EIN), it would seem to be common sense that the proprietor would put that EIN on the Schedule C for the proprietorship. Not so fast -- especially of the sole proprietorship is a single-member LLC taxed as a sole proprietorship.
How to fix a Schedule C filed in the wrong spouse's name.