Found 40 Matching Items; Displaying 1 - 10.
I'm self-employed as a sole proprietor. How do I report my income and pay Social Security and Medicare taxes?
I'm self-employed as a sole proprietor. How do I report my income and pay Social Security and Medicare taxes?
Frequently Asked Questions
I have run a small business as a sole proprietor in the past but this year I had no income or expenses from the business. Is it necessary that I file a Schedule C?
I have run a small business as a sole proprietor in the past but this year I had no income or expenses from the business. Is it necessary that I file a Schedule C?
Frequently Asked Questions
My son is a newspaper carrier. I would like to know if his income is subject to Social Security and Medicare taxes, and if he must file a Schedule C.
My son is a newspaper carrier. I would like to know if his income is subject to Social Security and Medicare taxes, and if he must file a Schedule C.
Frequently Asked Questions
I received a Form 1099-NEC with an amount in box 1 for nonemployee compensation. What forms and schedules should I use to report income earned as an independent contractor?
I received a Form 1099-NEC with an amount in box 1 for nonemployee compensation. What forms and schedules should I use to report income earned as an independent contractor?
Frequently Asked Questions
If I must deduct points over the life of my mortgage, and I have a 30-year mortgage, should I divide the points paid by 30 and enter that amount on Schedule A of Form 1040?
If I must deduct points over the life of my mortgage, and I have a 30-year mortgage, should I divide the points paid by 30 and enter that amount on Schedule A of Form 1040?
Frequently Asked Questions
On what form do I deduct the standard mileage rate for my business travel, and do I also need to figure depreciation of the vehicle?
On what form do I deduct the standard mileage rate for my business travel, and do I also need to figure depreciation of the vehicle?
Frequently Asked Questions
I cashed some Series E, Series EE, and Series I savings bonds. How do I report the interest?
I cashed some Series E, Series EE, and Series I savings bonds. How do I report the interest?
Frequently Asked Questions
I use my home for business. Can I deduct the expenses?
I use my home for business. Can I deduct the expenses?
Frequently Asked Questions
May I claim the child tax credit/additional child tax credit or the credit for other dependents as well as the child and dependent care credit?
May I claim the child tax credit/additional child tax credit or the credit for other dependents as well as the child and dependent care credit?
Frequently Asked Questions
My housemate and I are the legal owners of our house. We have a mortgage, secured by our house, on which we are jointly and severally liable. The house is our principal residence. We each pay one-half of the mortgage, including principal, interest, and real property taxes, from our joint account in which we have an equal interest. I receive a Form 1098, Mortgage Interest Statement, each year. The Form 1098 shows my name and Social Security number, along with the total amount of mortgage interest and real property taxes paid during the calendar year. How do my housemate and I reflect our respective payments of mortgage interest and real property taxes during the calendar year on Schedule A of our separate Forms 1040?
My housemate and I are the legal owners of our house. We have a mortgage, secured by our house, on which we are jointly and severally liable. The house is our principal residence. We each pay one-half of the mortgage, including principal, interest, and real property taxes, from our joint account in which we have an equal interest. I receive a Form 1098, Mortgage Interest Statement, each year. The Form 1098 shows my name and Social Security number, along with the total amount of mortgage interest and real property taxes paid during the calendar year. How do my housemate and I reflect our respective payments of mortgage interest and real property taxes during the calendar year on Schedule A of our separate Forms 1040?
Frequently Asked Questions