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Solopreneurs, from independent contractors to sole practitioners, file Schedule C with their personal Form 1040 to report income and expenses from their business. As a result of the efforts of the National Research Program (NRP), an arm of the IRS that collects data used to measure tax payment, filing and reporting compliance, the IRS estimates that $68 billion of the annual $345 billion tax gap for 2001 (the spread between what the government should collect and what it actually collected) was due to sole proprietors. This group of taxpayers underreported their income by 57 percent. The other part of the tax gap from this group came from overstating deductions as well as some who did not file any returns.

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