Form 1040 Schedule C

Form 1040 Schedule C

by UiPath

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0

Extraction Model

Runs

<100

Summary

Summary

IRS Form 1040 Schedule C is a tax form used by self-employed individuals or sole proprietors to report their business income and expenses.

Overview

Overview

IRS Form 1040 Schedule C is a tax form used by self-employed individuals or sole proprietors to report their business income and expenses. It is part of the individual income tax return (Form 1040) and helps calculate the net profit or loss for the business. Schedule C requires information on business income, deductible business expenses, and other relevant details, providing a snapshot of the financial activity for sole proprietors when filing their annual income tax returns.

This Document Understanding Skill is extracting 13 fields containing key data points of the 1040 Schedule C.

Features

Features

The skill is trained to automatically detect data such as:

  • Proprietor Name, SSN, Business Name, EID;
  • Depletion Amount, Deprecation, Expense Deduction;
  • Deductible Meals, Wages, Net Profit-Loss.

Additional Information

Additional Information

Dependencies

Requires a valid AI Units license

Publisher

UiPath

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Trusted Source

License & Privacy

License Agreement

Privacy Terms

Technical

Updated

June 4, 2024

Works with

Document Understanding: 23.10+

Application

UiPath Document Understanding

Support

Link: https://www.uipath.com/company/contact-us/contact-technical-support

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Resources

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