Do I submit both or... which one? (If it is just one) I have been searching for solid information about this for a couple of days... Decided to just throw this question on the stack. Maybe the answer will help others too.
You file one or the other per business, the C-EZ is for simpler situations and can be used if you have profit from your business and meet these criteria per the IRS:
- Your expenses are not greater than $5,000
- You have no employees
- You have no inventory
- You are not using depreciation or deducting the cost of your home
If any of those criteria disqualify you from using the C-EZ you'll have to file the standard Schedule C instead.