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After you file
If you are self-employed, you will need to upgrade to Premier Online or Home and Business if you are using the desktop version, if you want the guided interview questions.
He is a cash basis tax payer, that would be the accounting method. All the info is basically his info, so he does have it all. Anything that doesn't apply you just leave blank. The reason his amount due doubled is because he is subject to SE taxes of 15.3%. So yes, that does sound correct.
When you are an employee, your employer pays half of the Social Security and Medicare taxes and they withhold the rest from your pay. Since he is not an employee, he has to pay them all.
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March 13, 2024
12:58 PM