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IRS.gov Website
Instructions for Schedule C (Form 1040)
taxmap/instr/i1040sc-001.htm#en_us_publink24329wd0e62

What's New(p1)

rule
taxmap/instr/i1040sc-001.htm#en_us_publink24329wd0e98
Standard mileage rate. (p1)
rule
The business standard mileage rate for 2015 is 57.5 cents per mile.
taxmap/instr/i1040sc-001.htm#en_us_publink100031987
Deduction and capitalization of expenditures related to tangible property.(p1)
rule
Final regulations under sections 162(a) and 263(a) provide guidance for taxpayers that acquire, produce, or improve tangible property. The final regulations clarify and expand the standards under sections 162(a) and 263(a). The regulations generally apply to tax years beginning on or after January 1, 2014. For additional information, see T.D. 9636, 2013-43 I.R.B. 331 available at www.irs.gov/irb/2013-43_IRB/ar05.html.
taxmap/instr/i1040sc-001.htm#en_us_publink100031988
Eased reporting requirements for certain small businesses changing accounting methods to adopt new repair regulations.(p1)
rule
For tax years beginning on or after January 1, 2014, small business taxpayers may make certain changes to their accounting methods to adopt final tangible property repair regulations without filing Form 3115, Application for Change in Accounting Method. The final tangible property regulations, T.D. 9636, clarify the standards for determining whether to capitalize or expense certain repair and maintenance costs of tangible property. For additional information, see Rev. Proc. 2015-20, 2015-9 I.R.B. 694 available at www.irs.gov/irb/2015-9_IRB/ar09.html.
taxmap/instr/i1040sc-001.htm#en_us_publink100031989
Small Business and Self-Employed (SB/SE) Tax Center.(p1)
rule
Do you need help with a tax issue or preparing your return, or do you need a free publication or form? SB/SE serves taxpayers who file Form 1040, Schedules C, E, F, or Form 2106, as well as small business taxpayers with assets under $10 million. For additional information, visit the Small Business and Self-Employed Tax Center at www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Small-Business-and-Self-Employed-Tax-Center-1.