Need for Schedule C now or future?

No. Schedule C has no separate filing requirement you need to address.

Phil Marti VITA/TCE Volunteer Clarksburg, MD

Phil,

You don't think that the IRS might kick out a return for questioning if they no longer see a schedule c after so many years of one being present? I'm reluctant to "make waves" but filing a Sched C with

jo

Oh dear, someone who frets about a letter from the IRS. All I can do is comfort you with the fact that they've never been curious about why I don't file a Schedule C every year. If that's not enough, do what you like.

Phil Marti VITA/TCE Volunteer Clarksburg, MD

I'd guess that if they don't get any 1099's in any particular year, they won't be suspicious simply by failing to file a Schedule C when one had been filed the prior year.

Thanks, Stu.

I have always appreciated the tone of your replies. Matches your website address. Worriers have legitimate questions too and it is reassuring to pose them to an audience who knows infinitely more than I do.

jo

It all depends.

A Sch C business such as consulting that never incured any expenses can be dropped in an instant without an eyeblink.

But one that has a five-page depreciation schedule and contains lots of listed property and many items for which you recently claimed bonus depreciation and 179 expense might raise eyebrows in a flash.

text -

Thanks,

I had already assumed that if I had anything more than paper and pencil type of expenses (eg depreciation), it would raise eyebrows, but fortunately my two hats are computer consulting and genealogy research, neither one of which gets involved in purchasing assets.

jo