Take a moment to review what you have covered in this lesson:
- Business income or loss is generally beyond the scope of VITA or TCE. However, in some cases, you may help self-employed taxpayers who qualify to use Schedule C-EZ or limited Schedule C.
- Where to get business income and expense information.
- Who can use Schedule C-EZ.
- Taxpayers with net self-employment income of $400 or more must complete Schedule SE to compute self-employment tax.
- How to determine what records to maintain.