According to the IRS’ 2017 Statistics of Income Bulletin, of the more than 150 million tax returns filed for 2015, nearly 38 million reported income or losses on Schedule C (for sole proprietors and independent contractors) or on Schedule E (for partners, LLC members, and S corporation shareholders); this is about 25% of all filers. Last year, it was about 21%.
Barbara Weltman
Big Ideas for Small Business, Inc.
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