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Self employed
Paying for tax preparation software is not same as self-preparing tax returns using the software, which is work done for self and any tax refund earned as a result is income. IRS recognizes state and local tax refunds as income, when itemizing deductions and deducting state and local taxes and I don't see anywhere where this does not fit the definition of earned income when work was done for self by self-preparing the tax returns to earn this income. Please show me any precedent, where such income has been rejected by IRS from being accounted as earned income.
May 3, 2024
11:12 AM