Understanding Schedule C: A Simple Guide for LLC Owners and Side Hustlers

Helps solopreneurs and gig workers report income correctly and maximize deductions. Part of the Mac Neal LLC Resource Series: practical, plain-English guides for freelancers, side hustlers and small-business owners.

Inside this guide:

• What Schedule C is, who files it, and how it flows into your Form 1040
• What counts as income and which expenses you can deduct (and prove)
• Self-employment tax, estimated payments, LLC basics and common red flags
• Three printable worksheets for your income, expenses and mileage

17-page PDF with checklists and printable worksheets. Updated October 2026 for tax year 2026.

General education, not tax or legal advice. Have a question about your own situation? Book a consultation at www.macnealllc.com.