This is a tough one to answer because I have to assume....you are a sole proprietor and will report your income and expenses on your 1040, Schedule C. You will go to Wages and Income and then find self employment income. (if you have a partnership or S/C corp, then you would need to use our Business tax software to create a K1 and that K1 would be added to your 1040 in Wages and Income, find Partnerships, Corps and Trusts).
Assuming your are Self employed, here are some of my favorite links:
Self employment tax Talks about social security and Medicare taxes
Self employment tax hub with calculator Helps to answer questions and figure out if you need to pay estimated taxes
Self Employment income and expenses Talks about income and expenses.
If you were supposed to claim the dependent, then I would add that child to your return and then you will want to Paperfile the return.
You will not be able to Efile the return. Sign, date and mail it to the IRS and your state via certified mail.
You also might want to call the IRS to ask more about this. Have your dependent with you incase they need to verify the dependent.
Here are the numbers that are best to call and assistance with the prompts.
1-800-829-7650
or 1-800-829-1040
Once you've set your language
Press 1 for forms, tax history or payments
Next press 3 for all other questions
Next press 2 for all other questions
enter SSN
After it asks twice, you will be prompted with another menu
Press 2 for personal or individual tax questions
Finally press 3 for all other inquires
I sure hope this has helped.
If you reply back, I will try to keep an eye open to assist further.
Please give me a thumbs up if this was helpful.
Katie S.
Katherine S 63
