25 small business tax forms all SMBs should knowQuickBooks 2026

1. Click ‘Get Form’ to open the Schedule C - Profit or Loss From Business in the editor.
2. Begin by entering your Proprietor Name and selecting if this is a New Business. Indicate your Principal Business and Business Name, if applicable.
3. Fill in your Business Address, EIN (if any), and select your accounting method (Cash, Accrual, Other).
4. In the INCOME section, input your Gross Receipts/Sales and any Returns/Refunds/Discounts. Calculate Cost of Goods Sold (COGS) by detailing Beginning Inventory, Purchases, Cost of Labor, Materials/Supplies, and Other Costs.
5. Complete the EXPENSES section by listing all relevant expenses such as Advertising, Car/Truck Expenses, Commissions/Fees, etc. Ensure to include totals for each category.
6. For Depreciation of Equipment and Vehicle Information sections, provide necessary details about assets and their usage.
7. Finally, calculate Total Expenses and Net Income (Loss) at the bottom of the form.

Start using our platform today to easily fill out your small business tax forms for free!