Guidance for Self-employed Individuals and Statutory Employees; Claiming Business Expenses
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Issue Number: 2018-5Inside This Issue1. Guidance for Self-employed Individuals and Statutory Employees The Tax Guide for Small Business provides general information about income, expenses, and tax credits that apply to self-employed individuals or contractors treated as employees – referred to as statutory employees. This publication may help individuals who use Schedule C or C-EZ when filing their federal income tax return. Business expenses are usually deductible if a business operates to make a profit. Publication 535 discusses common expenses, explains what is and is not deductible, and the general rules for claiming business expenses. Thank you for subscribing to this IRS e-mail service. This message was distributed automatically from the mailing list e-News For Small Businesses. Please Do Not Reply To This Message. |