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Probably a good time to evive this thread!
Quote:
Originally posted by parkssa
Sorry, I know this is an old thread, but....
I have always reported my small amount of income from officiating as income on 1040. Do I need to send the IRS and/or social security money in addition to what I pay annually in taxes and bi-weekly in social security from my full-time place of employment?
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I'm not an expert but I don't think so. But you should use Schedule C and SE to report these earnings. Also, you should use them to be able to deduct the expenses that go along with officiating. The self employment tax is paid in lieu of regular taxes and Social Security.
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"...as cool as the other side of the pillow." - Stuart Scott
"You should never be proud of doing the right thing." - Dean Smith
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Mon Jan 29, 2001, 11:46am
Hybrid Mode
