Self employment income is a whole nother beast. IRS audits, reviews and holds on returns substantially go up vs normal reporting from w2s Depending on how you filed your self employed income it can be a snap or a complete nightmare dealing with the irs.
Anyone self employed and makes over 5k a year should really get a federal tax I'd number. Less hoops to jump through during tax time. IRS dont trust self employed income.
I've reviewed numerous self employed businesses and you won't believe the catastrophic errors made at the end of the year.
