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Deductions & credits
and even if you are not eligible for EIC, you are still required to claim all self-employment expenses.
Rev. Rul. 56-407 held that under §1402(a), every taxpayer (with the exception of certain farm operators) must claim all allowable deductions in computing net earnings from self-employment for self-employment tax purposes.
July 10, 2019
5:13 PM
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