Hello,
I am a US citizen who is self-employed and I am putting together my US taxes for 2014.
Last year I was told to file Schedule C-EZ since my expenses were less than the equivalent of $5,000, however, this year they exceeded that amount and from what I understand I must fill in the regular Schedule C form.
The problem with the regular Schedule C form is that it is fairly detailed and the way they ask to report expenses differs a bit from what is normal here. For example, I don't understand why they want to know about my car related expenses in such great detail.
I started to fill this form out and it just seems ridiculous that I would need to provide such detail for a self-employed business abroad. Its like I'm doing my accounting twice - once for Poland and once for the US.
I qualify for the Foreign Earned Income Exclusion, so I am wondering if I even have to fill out Schedule C at all since I wouldn't even owe any US tax on my self-employed earnings.
Does anyone have any experience with this Schedule C thing?
Any advice would be greatly appreciated!
I am a US citizen who is self-employed and I am putting together my US taxes for 2014.
Last year I was told to file Schedule C-EZ since my expenses were less than the equivalent of $5,000, however, this year they exceeded that amount and from what I understand I must fill in the regular Schedule C form.
The problem with the regular Schedule C form is that it is fairly detailed and the way they ask to report expenses differs a bit from what is normal here. For example, I don't understand why they want to know about my car related expenses in such great detail.
I started to fill this form out and it just seems ridiculous that I would need to provide such detail for a self-employed business abroad. Its like I'm doing my accounting twice - once for Poland and once for the US.
I qualify for the Foreign Earned Income Exclusion, so I am wondering if I even have to fill out Schedule C at all since I wouldn't even owe any US tax on my self-employed earnings.
Does anyone have any experience with this Schedule C thing?
Any advice would be greatly appreciated!