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		<title>Sole Proprietorship question on 1040 Schedule C</title>
		<link>http://www.startupnation.com/community/orca/topic/Sole-Proprietorship-question-on-1040-Schedule-C.htm</link>
		<description>Sole Proprietorship question on 1040 Schedule C</description>
		<lastBuildDate>Wed, 1 Dec 2010 7:50:23 GMT</lastBuildDate>
		
			<item>
				<title><![CDATA[If you have an employee (as oppo]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Sole-Proprietorship-question-on-1040-Schedule-C.htm</link>
				<description><![CDATA[If you have an employee (as opposed to a contractor) you really need to pay them under an EIN associated with your business and not your]]></description>
				<pubDate>Wed, 1 Dec 2010 7:50:23 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Sole-Proprietorship-question-on-1040-Schedule-C.htm#769539</guid>
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			<item>
				<title><![CDATA[Soddjobs,
No need to 1099 yours]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Sole-Proprietorship-question-on-1040-Schedule-C.htm</link>
				<description><![CDATA[Soddjobs,
No need to 1099 yourself. As a sole proprietor, you report your business revenue and expenses on Schedule C of Form 1040. During that process you end up calculating]]></description>
				<pubDate>Wed, 1 Dec 2010 7:50:23 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Sole-Proprietorship-question-on-1040-Schedule-C.htm#769536</guid>
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			<item>
				<title><![CDATA[I am a sole-proprietorship with ]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Sole-Proprietorship-question-on-1040-Schedule-C.htm</link>
				<description><![CDATA[I am a sole-proprietorship with myself as the only employee. I am basically a sales contractor and I need to 1099 myself. Is there a way to do this and pay the SS and Medicare in the process of filing?  They have not been paid up to this point and I w]]></description>
				<pubDate>Wed, 1 Dec 2010 7:50:23 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Sole-Proprietorship-question-on-1040-Schedule-C.htm#769535</guid>
			</item>
			<item>
				<title><![CDATA[You can`t ignore the 1099. The I]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Sole-Proprietorship-question-on-1040-Schedule-C.htm</link>
				<description><![CDATA[You can`t ignore the 1099. The IRS won`t!&#160;&#160; The computer matchup system will be looking for the income from the 1099 to show up on your return.&#160; If your business in under your social security number, and your reported income is greater than [...]]]></description>
				<pubDate>Wed, 1 Dec 2010 7:50:23 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Sole-Proprietorship-question-on-1040-Schedule-C.htm#720153</guid>
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			<item>
				<title><![CDATA[
  Thank you for the responses.]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Sole-Proprietorship-question-on-1040-Schedule-C.htm</link>
				<description><![CDATA[
  Thank you for the responses.
  The 1099 is superfluous, so&#160;ignoring it on Schedule C should accurately reflect the&#160;profit for the year and ensure&#160;that I am paying the correct&#160;taxes.&#160; I will skip the 1099 ]]></description>
				<pubDate>Wed, 1 Dec 2010 7:50:23 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Sole-Proprietorship-question-on-1040-Schedule-C.htm#720152</guid>
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				<title><![CDATA[Joe: Linda is right in her descr]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Sole-Proprietorship-question-on-1040-Schedule-C.htm</link>
				<description><![CDATA[Joe: Linda is right in her description of how sole proprietors pay themselves.
If you have been paying the way you`ve described, you have almost certainly have been paying the incorrect amount of tax. I`m not an accountant, but I would suggest]]></description>
				<pubDate>Wed, 1 Dec 2010 7:50:23 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Sole-Proprietorship-question-on-1040-Schedule-C.htm#720151</guid>
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			<item>
				<title><![CDATA[
  You don`t need to issue your]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Sole-Proprietorship-question-on-1040-Schedule-C.htm</link>
				<description><![CDATA[
  You don`t need to issue yourself a 1099.&#160; Your Schedule C determines the profit and loss, which is reported on the 1040.&#160; 
  &#160;
  The net profit is your income and you are taxed on all of it, not just the port]]></description>
				<pubDate>Wed, 1 Dec 2010 7:50:23 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Sole-Proprietorship-question-on-1040-Schedule-C.htm#720150</guid>
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				<title><![CDATA[As a sole proprietor, I pay myse]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Sole-Proprietorship-question-on-1040-Schedule-C.htm</link>
				<description><![CDATA[As a sole proprietor, I pay myself like&#160;a Contractor and issue myself a 1099-MISC.&#160; Do I include these payments as a deduction in Line 11 of 1040 Schedule C?&#160; If so,&#160;does the 1099-MISC get reported somewhere else in the tax return?&#160[...]]]></description>
				<pubDate>Wed, 1 Dec 2010 7:50:23 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Sole-Proprietorship-question-on-1040-Schedule-C.htm#720149</guid>
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