Massage & Bodywork Licensing Examination (MBLEx)

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A practitioner is preparing to file her taxes for her first year as a sole proprietor. Which of the following forms would she need to file with the IRS?

Schedule C
Schedule SE
Form 1040 EZ
Form 1065 K-1

The correct answer is: Schedule C

The appropriate form for a sole proprietor to file with the IRS is Schedule C. This form is used to report income or loss from a business that is operated as a sole proprietorship. It allows the practitioner to detail her business income, expenses, and net profit or loss for the tax year, which ultimately flows through to her personal tax return. Schedule SE would also be relevant for sole proprietors, as it is used to calculate self-employment tax on net earnings from self-employment, but it is not the primary form for reporting business income. Form 1040 EZ is an outdated option for individual income tax returns and is not specifically geared for reporting business income. Lastly, Form 1065 K-1 relates to partnerships and is used to report income, deductions, and credits from a partnership, which does not apply to a sole proprietorship. Therefore, Schedule C is the essential form for reporting business income for a sole proprietorship.