In this case, they can report their business income and expenses on a Schedule C form and attach it to their personal income tax return.

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That site is completely unrelated to The Henrietta Lacks Foundation, Inc. a public charity that is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code.

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By contrast, income taxes for C corporations would be reduced under various tax reform proposals.

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Part of the gain on a home sale might not be eligible for certain income-tax exclusions if the taxpayer with a Schedule C business has taken depreciation deductions for a home office.

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This benefit is available for pass-through entities, such as partnerships and S corps, as well as traditional C corporations. (Pass-throughs pass on their taxable income and tax credits to their individual investors' tax returns.).

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While it might seem crazy to assert that you can have taxes withheld from a distribution that was negated by a 60-day rollover, but the IRS allows you to do a tax-free rollover of a distribution that has been sent to the IRS as withheld income tax, by using substitute funds (see Reg 1.402(c)-2, A-11).

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