G450pilot
New Member

Independent contractor or not?

In September of 2022, I retired from my full-time employment as a commercial  (charter) pilot for a large charter management firm, intending to start a contracting business to provide essentially the same services to them and to other non-charter companies.  In doing this, I became responsible for my own FAA-mandated training to the tune of $23,400 per year.  I assumed that I would be able to report this expense on my Schedule C, but after receiving a W-2 for my pre-retirement AND post-retirement income combined, I realized that "the company" still viewed me as an employee, albeit part-time, even though they do not schedule my flights and I have no obligation whatsoever to accept a day of work.  Furthermore, they do not provide any benefits other than tax-withholding.  I filed a Schedule C but received a 'warning' from TurboTax that the IRS may not accept this.  I have recevied my refund, but am now having second thoughts as to whether I should file an amended return, deleting the Schedule C and associated losses from operation.  Any help would be greatly appreciated - I really do not want this to result in an audit, but don't want to give up almost $6000 in refund to the IRS.  Thanks in advance. G450driver