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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)
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The business standard mileage rate for 2016 is 54 cents per mile.
taxmap/instr/i1040sc-001.htm#en_us_publink100045000
Change to Line D instructions. (p1)
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If you conducted your trade or business as a single-member limited liability company (LLC), use the EIN issued to the LLC (in the LLC's legal name) for a qualified retirement plan, to file employment excise, alcohol, tobacco, or firearms returns, or as a payer of gambling winnings. Do not use the EIN issued to you in your name as a sole proprietor of the trade or business.
taxmap/instr/i1040sc-001.htm#en_us_publink100045001
Live theatrical production costs. (p1)
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You may elect to expense certain costs of qualified live theatrical productions commencing in 2016. For more information, see Film and television and live theatrical production expenses, later.
taxmap/instr/i1040sc-001.htm#en_us_publink100049133
Sharing Economy Tax Center.(p1)
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The sharing (or on-demand, gig, or access) economy refers to an emerging area of activity that involves people using technology advancements to arrange transactions that generate revenue from sharing assets or providing services upon request. Visit IRS.gov/sharing to get more information about the tax consequences of participating in the sharing economy.