Not affiliated with the US Social Security Administration
What are the reporting requirements for self-employed people?
If you are self-employed and have net earnings of $400 or more in any taxable year, you must:
Complete Form 1040 (U.S. Individual Income Tax Return) including Schedule C (Farmers use Schedule F instead of Schedule C);
Complete Schedule SE (Computation of Social Security Self-Employment Tax); and
Send the return and schedules to IRS with the balance of any self-employment tax that is due.
Last Revised: March, 2001
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- What is gross income for the optional method of reporting?
- What Internal Revenue Service publications provide information on employer tax payments?
- What IRS publications provide information on self-employment tax payments?
- Statement by Person Knowing About Employment
- Are you a self-employed partner?
- What factors does SSA consider in deciding whether a person is without fault?
- How does IRS help gather evidence?
- Social Security Coverage for the Self-Employed
- Evidence Needed to Change Earnings Record
- When can earnings records be revised after the time limit?
- Evidence of Wages
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