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    sharonmccarthy's Avatar
    sharonmccarthy Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Jan 4, 2009, 07:05 PM
    How should I file
    I have been working odd and end jobs, cleaning houses for friends, and doing office work at home to get money up this year. I am a full time student that had a lot of grants and loans. I have to file taxes in order to qualify for next year college. I have 2 dependants in which I am solely responsibly for.
    Do I total all the wages I received even if I do not have w2's or 1099 from anyone? Can I deduct all the office equiptment I purchased? Would I still qualify for earned ncome credit? I am truly confused how to file and what forms to use. Any help would be greatly appreciated. Thank you.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Jan 4, 2009, 11:51 PM

    Yes, this is yourself employed income and you must file tax return if income is $400 or more. You can deduct business related expenses. For you it is better to file, as you will get EIC (may be around $4000).

    You will report your income and expenses on schedule C or C-EZ (Form 1040). This income is subject to SE tax at 15.3%. Read: Your U.S. Tax Return: Tax Filing by Self Employed Sole Proprietor or Independent Contractor
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Jan 7, 2009, 01:11 AM
    You need professional tax help!

    The Form 1040 by itself is not too bad to prepare, especially with tax software, but Schedule C and SE are NOT for amateurs.
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