I get paid weekly cash job don't receive paid stub but I take copies of what giving to me no benefits or taxes taken out.

fbortiz391 — Sat, 01 Jun 2019 00:06:39 GMT

Lots of people get paid cash and don't get a W2. No prob...

VolvoGirl — Sat, 01 Jun 2019 00:06:40 GMT

Lots of people get paid cash and don't get a W2.  No problem with that.  If you are not paid as a W2 employee with taxes taken out then you probably file as self employed.   You might get a 1099Misc for the income.  You need to keep good records and report all your income, even if you don't get a 1099Misc.  You fill out a Schedule C in your personal 1040 tax return and pay Self Employment Tax in addition to regular income tax on it.

First of all,  If you buy the Desktop CD or Download Software any version will handle it but you will get more help in Home & Business.

For the Online versions...........You can use Deluxe or Premier if you have very limited expenses such as supplies less than $100.   If you have more complex situations and/or higher expense amounts you will have to upgrade to the Home and Business product to fill out the full schedule C.  I can tell you how to enter it the lower versions.

If you have Self Employment income you have to file a schedule C in your personal 1040 return. You may get a 1099Misc for some of your income but you need  report all your income.  So you need to keep your own good records. Here is some reading material……

IRS information on Self Employment….
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employed-Individuals-Tax-Center

Pulication 334, Tax Guide for Small Business
http://www.irs.gov/pub/irs-pdf/p334.pdf

Publication 535 Business Expenses
http://www.irs.gov/pub/irs-pdf/p535.pdf

Self Employment tax (Scheduled SE) is generated if a person has $400 or more of net profit from self-employment on Schedule C.  You pay 15.3% for SE tax on 92.35% of your Net Profit greater than $400.  The 15.3% self employed SE Tax is to pay both the employer part and employee part of Social Security and Medicare.  So you get social security credit for it when you retire.  You do get to take off the 50% ER portion of the SE tax as an adjustment on line 27 of the 1040.  The SE tax is already included in your tax due or reduced your refund.  It is on the 1040 line 57.  The SE tax is in addition to your regular income tax on the net profit.

There is also QuickBooks Self Employment bundle you can check out which includes one Turbo Tax Home & Business return....
http://quickbooks.intuit.com/self-employed

Fill out Schedule C here
The Business Tab - Continue
I'll choose what I work on
Business Income and Expenses
Then….
Profit or Loss from Business, click Start or Update

You use your own name and ssn or business name and EIN if you have one.   You should say you use the Cash Accounting Method and all  income is at risk.  After you put in your income and expenses  if your net profit is $400 or more you will pay 15.3%  Self Employment tax in addition to your regular income tax.  The Schedule SE will be automatically filled out for it.

After it asks if you received any 1099Misc it will ask if you had any income not reported on a 1099Misc. You should be keeping your own records.  Just go through the interview and answer the questions.   Then you will enter your expenses.

thank you volvogirl

fbortiz391 — Sat, 01 Jun 2019 00:06:43 GMT

thank you volvogirl

Yes, please ignore that comment about under the table non...

Anita01 — Sat, 01 Jun 2019 00:06:46 GMT

Yes, please ignore that comment about under the table nonsense

this is called being payed under the table ... it is also...

spimental1188 — Sat, 01 Jun 2019 00:06:48 GMT

this is called being payed under the table ... it is also illegal because it means the government is not taxing you on your income so i suggest you delete this question

You are considered self employed and will need to file a...

hmary0528 — Sat, 01 Jun 2019 00:06:50 GMT

You are considered self employed and will need to file a schedule C form which is included in TurboTax Home Business. As long as you keep account of your income and report it, turbo tax will assess your taxes owed to the government.

cant said being payed under table if I retrieve copies of...

fbortiz391 — Sat, 01 Jun 2019 00:06:52 GMT

cant said being payed under table if I retrieve copies of what I'm getting for and by whom so I wont delete and thank you spimental1188 but ill go with hmary0528 and get more info ..

topic this is called being payed under the table ... it is also... in Get your taxes done using TurboTax

I get paid weekly cash job don't receive paid stub but I take copies of what giving to me no benefits or taxes taken out.

Lots of people get paid cash and don't get a W2. No prob...

thank you volvogirl

Yes, please ignore that comment about under the table non...

this is called being payed under the table ... it is also...

You are considered self employed and will need to file a...

cant said being payed under table if I retrieve copies of...