Tax Return

[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.