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botygy said in August 31st, 2008 at 8:53 am

Just do Schedules C and SE on the $5K–the forms’ll tell you which lines on 1040 to enter the results.

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Judy said in September 3rd, 2008 at 3:25 pm

Schedule C or C-EZ for the self employment income and associated expenses, schedule SE to calculate self-employment tax for social security and medicare, and a form 1040. Your income as an employee will go on that same 1040.

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Caltel T said in September 5th, 2008 at 9:28 pm

Read Here…

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