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Thread: Chase BUSINESS Checking 25k Promo - How do I open a Business Account W/O a Biz?
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Old Oct 29, 2009 | 4:38 pm
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philemer
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Originally Posted by LizzyDragon84
Are you sure the IRS wants tax returns if you have an EIN? My impression from the IRS website is that any business income for a sole proprietorship is reported on the 1040 unless there are employees involved, in which you have to do W-2s as well.
No, business income goes on a Sch. C. After you figure your "net income" you move that to your 1040. This is with or w/o employees. Been there, done that.
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