pk
Level 15
Level 15

Get your taxes done using TurboTax

@Payceasar222  when you have cash income it is generally for work as a self-employed and below are the things one is supposed to do as such:

(a) In TurboTax  you tell that you have self-employed incme.  This would mean you will be filling out ( with TurboTax doing all the work )  Schedule-C where you would show your gross income and  also all your  allowable /necessary/usual  expenses.  You are then taxed on your net income

(b) Even though as a wage earner , you may not have to file if your income is below your standard deduction ( since personal exemptions are zero till  2025 ) which is  approx 12,000 fro single and 24,000 for married filing joint, but in case of self-employed  you need to file because you have to pay Social Security & Medicare taxes  ( 15.3 % of the net income from self-employment ).  So TurboTax  will help you fill out Schedule -SE.  There is no interest or penalty on not having paid this for the last two years.

 

Therefore I suggest that you prepare the returns for 2017 and 2018 and 2019 as soon as you can.  You will have to paperfile ( file by mail ) and also TurboTax on-line is definitely not available for 2017 and 2018 while 2019 is available only for a couple weeks more ( I think).   Another option for you is to go to the IRS website and download the forms for the years 2017,2018 and 2019  ( these are all fillable  PDF ) and you can fill these out on your computer, print, sign, date attach the amounts due  ( each with your SSN and tax year shown ) and mail these in.  These should get you back in compliance  and  more than that  will allow the IRS to send  you/ direct deposit  your  economic stimulus check (s) including those for your children ( if you are eligible ).

 

Please do not ignore this.

 

Perhaps in future you can also use the help of AARP and other TaxAide  services that help you file electronically at no charge.

 

Good Luck 

 

Is there more I can do for you ?