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Form 1065 (Schedule C) online Colorado Springs Colorado: What You Should Know

For business owners not living in Utah, you are best advised to file your federal income tax return for all your income, or file Schedule C. However, if you're a sole proprietor and your entire business does not depend  on paying federal income taxes, you must file an individual return. Sole Proprietorship are taxed in the same manner as a  small business. If you are a sole proprietor, you may also file a Schedule C; however, for federal tax purposes you may file  the individual federal tax return with your sole proprietor status; however, you may still wish to  file Schedule C to defer the federal taxes on your net income. For more information regarding the filing requirements for tax reporting for solo owners and sole proprietors,  consider contacting the Colorado Department of Revenue, Colorado Business and Tax Center, at , or, for individual taxpayers, or, for corporations.

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