Sole Proprietor and Schedule C — The Starting Line

EPISODE · May 4, 2026 · 11 MIN

Sole Proprietor and Schedule C — The Starting Line

from The Zero Fluff Books Podcast · host Lauren Twitchell

If you're a sole proprietor, your entire tax life lives on one form: Schedule C. In this episode, Lauren walks through how Schedule C actually works — income reporting, cost of goods sold, deductible expenses, and the specific areas where IRS examiners find problems. She also covers the number that surprises almost every new business owner: self-employment tax. What it is, how it's calculated, and why not planning for it is the most common reason sole proprietors end up with a tax bill they didn't see coming.

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Sole Proprietor and Schedule C — The Starting Line

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