EXERCISE 9.1 WEB QUEST

The Internal Revenue Service (IRS) provides tax information useful for the small business. A sole proprietorship must file Form 1040 Schedule C for the annual tax return. If a sole proprietorship meets certain criteria, it may file a simplified Schedule C-EZ.

Step 1: Go to the www.irs.govweb site.

Step 2: Search for Schedule C-EZ on the IRS web site. Print the Schedule C-EZ.

Step 3: Circle the information about whether you may use Schedule C-EZ instead of Schedule C.