- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Millions of people work at W-2 jobs and also work as independent contractors or do self-employed work. There is no reason to fear that that situation would trigger an audit. And.....you would put ALL of your income on the same tax return form----a single member LLC is a disregarded entity for tax purposes. You could use either online Self-Employed software or the CD/download for Home and Business. Either version can easily handle both W-2 income and self-employment income.
If you work as an independent contractor keep good records for yourself so you will be able to enter your business expenses on your Schedule C.
https://ttlc.intuit.com/questions/2903027-how-do-i-report-income-from-self-employment
https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes
https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922
https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax
https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c
https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct