MLM Script and MLM Software

Do I file a separate federal income tax return for my MLM business?

I started a MLM business in November 2007. When I file my taxes do I have to file separately for the business. It is all under my social security number. Just want to stay on the right side of the law. Thanks

Public Comments

1. You got to file as Self-Employed.
2. Lol. Three is no need to file for taxes. You're probably going to take a loss in the first few years in a MLM. Good luck dude.
3. do a schedule C form that determines your profit from the mlm business include the profit as income with your normal job income fill out your 1040 as normal good luck with your new business !
4. Unless you incorporated or created a partnership, you don't need to file a separate tax return for your MLM. Use Schedule C and possibly Schedule SE and attach those to your regular tax return.
5. Everything involved here is you. It goes on one return. If you want to stay on the right side of solvency, you will dump the MLM business before you get too deep in the hole. (MLM: Upline makes money, You don't)
6. If it is a C corporation, yes. If it is not incorporated, you file a Schedule C or a Schedule C-EZ with your return, but do not file a separate return.