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Schedule C is the tax form you file with your income taxes that reports your income and expenses for your business. 1099 is what a business may issue an independent contractor when they pay them over $600. It simply reports to the IRS how much they paid the contractor.Where to find Schedule C in taxes?
Schedule C - Profit or Loss from Business is part of the individual income tax return IRS Form 1040. It shows the income of a business for the tax year, as well as deductible expenses. The resulting net profit or loss of the business, found on line 31, is then reported (beginning with 2018 taxes) on Schedule 1 (line 12) of Form 1040.