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April 18, 2023
Question

TT insist that I answer questions about a business that doesn't exist. How do I get to stop?

  • April 18, 2023
  • 1 reply
  • 0 views
If I knew how it started maybe I could uncheck a box.

1 reply

AmyC
Employee
April 18, 2023

You may have income that was not taxed. If you have a 1099-NEC or MISC that would trigger it. You must pay Medicare and Social Security Tax on income earned. The IRS collects it for SSA on Form SE for the self-employed. Your self-employment tax is calculated at 15.3% on 92.35% of your 1099 net (after any business deductions) income and also subject to income tax.

 

The only form that connects to the self-employment tax is the Sch C business in your personal tax return. If you have made money and not paid your FICA, like on a normal w2, you must file a business return and pay the tax.

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