C-EZ

C-EZ

A short form for the Schedule C. It is used by business owners who report a profit, but have expenses under $5,000, no inventory, no business property to depreciate, no expenses for the business use of home, no carryovers from passive activity losses, and no employees. Additionally, it cannot be used to report a business loss. Schedule C-EZ is aimed at microbusiness owners, or those who have businesses to supplement their primary incomes.