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Posted by basilgirl on February 20, 2007, 6:57 pm
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I started watching my niece in Jan 2006, and was paid a
total of 3900 dollars last year. I am filing married filing
jointly. I filed this amount on my taxes as extra income not
on w-2 (HSH 3900). The 1040 just combines my husband and my
income. I need my 4 SS points this year and don't know how
they will distinguish my income without a w2 or 1099. IHow
do I pay SS tax on my 3900 dollars and have them count it as
my income?
Thank you!
Alysia
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Posted by Bill Brown on February 21, 2007, 6:47 pm
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> I started watching my niece in Jan 2006, and was paid a
> total of 3900 dollars last year. I am filing married filing
> jointly. I filed this amount on my taxes as extra income not
> on w-2 (HSH 3900). The 1040 just combines my husband and my
> income. I need my 4 SS points this year and don't know how
> they will distinguish my income without a w2 or 1099. IHow
> do I pay SS tax on my 3900 dollars and have them count it as
> my income?
Use Schedule C and Schedule SE. Both are available for
download at
http://www.irs.gov/formspubs/lists/0,,id=97817,00.html.
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
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Posted by A.G. Kalman on February 21, 2007, 6:47 pm
Please log in for more thread options basilgirl wrote:
> I started watching my niece in Jan 2006, and was paid a
> total of 3900 dollars last year. I am filing married filing
> jointly. I filed this amount on my taxes as extra income not
> on w-2 (HSH 3900). The 1040 just combines my husband and my
> income. I need my 4 SS points this year and don't know how
> they will distinguish my income without a w2 or 1099. IHow
> do I pay SS tax on my 3900 dollars and have them count it as
> my income?
You use Form 1040 Schedule C-EZ to report your
self-employment income and any business expenses. The net
income from the C-EZ goes on Schedule SE where you compute
your self-employment taxes (social security & medicare tax).
The SE tax gets posted to page 2 of the 1040; 1/2 the SE
tax gets posted to the front page of the 1040 as an AGI
deduction. The SSA will give you retirement credit based on
those amounts.
--
Alan
http://taxtopics.net
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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Posted by Harlan Lunsford on February 21, 2007, 6:47 pm
Please log in for more thread options basilgirl wrote:
> I started watching my niece in Jan 2006, and was paid a
> total of 3900 dollars last year. I am filing married filing
> jointly. I filed this amount on my taxes as extra income not
> on w-2 (HSH 3900). The 1040 just combines my husband and my
> income. I need my 4 SS points this year and don't know how
> they will distinguish my income without a w2 or 1099. IHow
> do I pay SS tax on my 3900 dollars and have them count it as
> my income?
Did you perform this child care in your own home (child
brought to you?) or did you work in the home of the child?
If the former, then you file schedule c and schedule se for
self employment tax.
If the latter, then you should have received a W2 form from
the child's parents, i.e. your employer.
ChEAr$,
Harlan Lunsford, EA n LA
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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Posted by Phil Marti on February 21, 2007, 6:47 pm
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> I started watching my niece in Jan 2006, and was paid a
> total of 3900 dollars last year. I am filing married filing
> jointly. I filed this amount on my taxes as extra income not
> on w-2 (HSH 3900). The 1040 just combines my husband and my
> income. I need my 4 SS points this year and don't know how
> they will distinguish my income without a w2 or 1099. IHow
> do I pay SS tax on my 3900 dollars and have them count it as
> my income?
It depends on whether you were an employee or an independent
contractor. In the case of child care, IMO it boils down to
whether you cared for the child in the child's home or in
yours.
If you went to the child's home you were an employee. The
parent needs to issue a W-2 and pay the FICA/Medicare taxes.
You report the income on line 7 just like any other wages.
Your SS earnings credit comes from the original W-2, which
is filed with SSA.
If you cared for the child in your home, you have Schedule C
income from self-employment, not line 7 wage income.
Schedule C flows to Schedule SE, where you compute
self-employment tax. It's from Schedule SE that you get
your SS earnings credit.
--
Phil Marti
Clarksburg, MD
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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