Tax Return

[Rich]

Originally Posted by Jurassic Referee

It are a small state southeast of Alaska.

Can Sarah Palin see it from her back porch?

[Welpe]

Originally Posted by RichMSN

Can Sarah Palin see it from her back porch?

Billy...I mean Rich...to borrow a line from Snaqs, "No, but Tina Fey can."

[letemplay]

All you guys reporting on either Schedule C or C-EZ?

[Rich]

Originally Posted by letemplay

All you guys reporting on Schedule C or C-EZ?

Depends on your tax situation.

My real answer is that TurboTax decides for me. Looking at my return from this past year, it used C-EZ. It used C in previous years.

The one factor that will make this decision for most officials is that C-EZ is limited to $5000 of deductible expenses. According to my C-EZ, I had exactly that. That wasn't intentional, BTW -- I entered all my expenses separately and apparently that's where it ended up. I bought less in terms of baseball gear and uniforms than I normally do in 2010.

Those who work one sport probably will have trouble exceeding $5000, so (and I am not a tax professional) C-EZ seems to be designed for people like us.

[letemplay]

How many of you also file for self-employment tax? As independent contractors, we're supposed to do that as well.

[bob jenkins]

Originally Posted by letemplay

How many of you also file for self-employment tax? As independent contractors, we're supposed to do that as well.

I would guess that if you fill out Schedule C and don't also complete SE, that it would be a big red-flag to the IRS.

[Rich]

Originally Posted by bob jenkins

I would guess that if you fill out Schedule C and don't also complete SE, that it would be a big red-flag to the IRS.

All transparent to me. TurboTax does it all.

That said, if you have earnings (adjusted for expenses) of less than $400, you're exempt from self-employment taxes. This is one place where those 200 mile round trips to BFE come in handy and the trips to Florida and to Europe to umpire don't hurt, either.

[letemplay]

Originally Posted by bob jenkins

I would guess that if you fill out Schedule C and don't also complete SE, that it would be a big red-flag to the IRS.

I would think so, yes.

[Mark T. DeNucci, Sr.]

Originally Posted by bob jenkins

I would guess that if you fill out Schedule C and don't also complete SE, that it would be a big red-flag to the IRS.

You only have to file the SE form if you show a profit from your combined Schedule C's (I file three: one for basketball officiating, one for baseball/softball umpiring, and one for my courier business) is $400 or more.

MTD, Sr.

[mbyron]

Originally Posted by RichMSN

I bought less in terms of baseball gear and uniforms than I normally do in 2010.

Just curious: how much do you normally buy in 2010?

[Camron Rust]

Originally Posted by RichMSN

Can Sarah Palin see it from her back porch?

No, but Al Gore can.....and he invented it too!