![]() ![]() Schedule C forms might determine how much money you receive as part of your tax return. This form, titled "Profit or Loss From Business," requires business owners to record information about their profits and losses for the past year, with profits being income and losses being any expenses over $1,000 that didn’t incur a greater profit. Schedule C is a two-page tax form issued by the IRS that certain businesses may fill out as part of their annual taxes. What is Schedule C and the Schedule C form?
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