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OFFICIAL ENTRY FORM Important Note: Please read the Athletes Participation Agreement and the Athletes Waiver & Release of Liability Agreement on the next page. Both forms must be signed and returned
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Both forms must be the IRS Form 1040 and Form Schedule C, which are used for individual income tax reporting and reporting business income respectively.
Individuals who are self-employed or have business income reportable on Schedule C must file both forms.
To fill out both forms, start with Form 1040 by entering personal information and income details, then attach Schedule C to report income and expenses from self-employment.
The purpose of Form 1040 is to report individual income taxes, while Schedule C is specifically used to report profit or loss from a business.
Form 1040 requires personal details and total income, whereas Schedule C needs details about business income, expenses, and net profit or loss.
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