Comments on: What Forms Do I Need To Report SelF-Employment? http://yourjobsucks.biz/what-forms-do-i-need-to-report-self-employment/ Just another WordPress weblog Mon, 06 Sep 2010 10:36:17 +0000 http://wordpress.org/?v=2.6.3 By: bostonianinmo http://yourjobsucks.biz/what-forms-do-i-need-to-report-self-employment/#comment-181 bostonianinmo Sat, 21 Nov 2009 14:08:13 +0000 http://yourjobsucks.biz/what-forms-do-i-need-to-report-self-employment/#comment-181 You use Form 1040-ES to make the estimated payments. You prepare Schedule C or C-EZ when you file your tax return next year and attach it to Form 1040. If the net profit is more than $400, you also prepare Schedule SE to calculate the Self-Employment tax (roughly 14% of the net income due to how it's calculated) and attach that to Form 1040 as well. You use Form 1040-ES to make the estimated payments.

You prepare Schedule C or C-EZ when you file your tax return next year and attach it to Form 1040. If the net profit is more than $400, you also prepare Schedule SE to calculate the Self-Employment tax (roughly 14% of the net income due to how it’s calculated) and attach that to Form 1040 as well.

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