1040: When you file your federal income taxes, use IRS Form 1040 to report your individual income and expenses.
Schedule C: If you are a freelancer, contractor or self-employed this is the form for you. You can report business income and expenses on a Schedule C.
Schedule B: This form allows you to report interest and dividends of $1,500 or more. Any amount less than $1,500 should be reported on form 1040. The Schedule B is ideal for people with investments and savings accounts.
