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Financial Planning / Tax Strategies


Subject:  Re: sole proprietorship & deductions Date:  5/6/2004  1:56 PM
Author:  Littlechap Number:  71754 of 124535

"the issue is entirely about answering the question asked.

Yep. But that's not what you're doing at all. Proof follows below. Meanwhile, Gabe could find many of his questions answered on the IRS website at,,id=99065,00.html

If you had so much to say, why didn't you reply to the man directly? You sat around silently, then pounced on an innocent respondent with inexcusable hostility, inaccurate information, and a pretense of disagreement that does not even exist. What's wrong with you?

I said "What the IRS cares about is that they can match up the entity identified on the Schedule C with the entity on the 1040." This applies to Gabe's case, in which there's only one Schedule C to worry about. But you want to argue. So contrary to your claim that you are "answering the question asked" you go off-topic and answer a question he did NOT ask! And your reply is incomplete at best:

The DBA is included only to help distinguish between multiple Schedule C's.

The DBA is most likely present for other reasons I won't go into here. As for the distinction between one schedule C and another, it would be far less dependent on the name than on section A, which asks for the nature of the business, and Section B, that asks for the Business Code.

Read the IRS instructions for Schedule C, section A:

...If you owned more than one business, you must complete a separate Schedule C for each business. Give the general field or activity and the type of product or service...

and section B:

These codes for the Principal Business or Professional Activity classify sole proprietorships by the type of activity they are engaged in to fa