Who Irs Form 13844 Basics 2025

Hello, my name is Kim Lawson. I'm a senior tax analyst with the Small Business Self-Employed division within the IRS. I would like to welcome everyone to the webinar today. Our webinar is titled "Business Taxes for the Self-Employed: The Basics". This webinar is designed for new small business owners and self-employed people. I hope you will find this presentation both helpful and informative. We would also like to welcome any participants representing the news media. If you are with the media, please send us an email message at SBSE.webinars@irs.gov with your contact information. Our media relations staff can answer any questions you might have following the presentation. Today, we're going to talk about what you need to know to meet your federal tax obligations as a self-employed person. We'll be talking about two IRS forms: Form 1040 Schedule C (Profit or Loss from Business - Sole Proprietorship) and Schedule C-EZ (Net Profit from Business - Sole Proprietorship). These are the forms used to report income or loss from a business you operated or a profession you practiced as a sole proprietor. We'll also briefly talk about Form 1040 Schedule SE (Self-Employment Tax) and Schedule F (Profit or Loss from Farming). These forms are used to figure out tax due on net earnings from self-employment. Other topics related to being self-employed will also be discussed in this webinar. Everything we talked about, from forms, instructions, publications, and webpages, is available on the IRS.gov website. So don't worry about taking notes. Just jot down any questions you may have, and by the end of this webinar, you'll know where to look for answers to your federal tax questions. But in case you have a question you would like to have an answer now, we'll also have a question and answer session at the end of the...