Full question:
I am being paid for taking care of my brother-in-law who is disabled. I want to build up my SS Income. How do I list it on my Federal return which I am filing online and I will they automatically hold out the SSI payments for me, even though I don't have a 1099 form but have copies of the checks where I was paid by my brother-in-law, whom I take care of.
- Category: Taxes
- Date:
- State: Arkansas
Answer:
If your employer isn't withholding Social Security tax, you'll need to report your income correctly. As an independent contractor, you should use Form 1040, Schedule C, Profit or Loss from Business (Sole Proprietorship), or you may qualify for Form 1040, Schedule C-EZ, Net Profit from Business (Sole Proprietorship). If your net earnings from self-employment are $400 or more, you must also file Form 1040, Schedule SE, Self-Employment Tax. This form calculates your Social Security and Medicare tax based on your net self-employment income. Additionally, if you haven't made estimated tax payments, you may need to file Form 2210, Underpayment of Estimated Tax by Individuals, Estates & Trusts.
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