A sole proprietor is someone who owns an unincorporated business by himself or herself. However, if you are the sole member of a domestic limited liability company (LLC), you are not a sole proprietor if you elect to treat the LLC as a corporation.
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:
| IF you are liable for: |
THEN use Form: |
| Income Tax |
1040, U.S. Individual Income Tax Return (PDF) and Schedule C (Form 1040), Pofit or Loss from Business(PDF) or Schedule C-EZ (Form 1040), Net Profit from Business (PDF) |
| Self-employment tax |
Schedule SE (Form 1040), Self-Employment Tax (PDF) |
| Estimated tax |
1040-ES, Estimated Tax for Individuals (PDF) |
| Social security and Medicare taxes and income tax withholding |
941, Employer’s Quarterly Federal Tax Return (PDF)
943, Employer’s Annual Federal Tax Return for Agricultural Employees (PDF)
944, Employer’s Annual Federal Tax Return (PDF)
8109-B, Federal Tax Deposit Coupon (PDF) (to make deposits) |
| Providing information on social security and Medicare taxes and income tax withholding |
W-2, Wage and Tax Statement (PDF) (to employee)
and W-3, Transmittal of Wage and Tax Statements (PDF) (to the Social Security Administration) |
| Federal unemployment (FUTA) tax |
940, Employer’s Annual Federal Unemployment (FUTA) Tax Return (PDF)
8109-B, Federal Tax Deposit Coupon (PDF) (to make deposits) |
| Filing information returns for payments to nonemployees and transactions with other persons |
See Information Returns |
| Excise Taxes |
Refer to the Excise Tax web page |
References/Related Topics