topic Re: Wages reported in Self employed

Wages reported

samuelsmonique34 — Sun, 02 May 2021 01:30:54 GMT

Hey guys. If my wages are finally showing up on SSA account as reported. Does that mean my tax return is finally processed? I’m self employed. Can’t see transcripts filed 2/11 still waiting. Was under review for all this time. Trying to find some hope

Re: Wages reported

ThomasM125 — Tue, 04 May 2021 03:53:52 GMT

The wages on your SSA report come from what your employer reports as your wages to the social security administration. They send a copy of your W-2 and it is used to keep track of your income. It has nothing to do with the processing of your tax return.

Re: Wages reported

samuelsmonique34 — Sun, 16 May 2021 03:14:23 GMT

Ok. What if you’re self employed and the wages are reported? Doesn’t that come straight from the IRS? Meaning they are processing your return?

Re: Wages reported

JulieC14 — Tue, 18 May 2021 02:30:11 GMT

As noted above, filing wage information to the SSA is separate and different from filing your income tax return. A self employed business owner still needs to report all of your income and expenses (that will include wages) on your tax return. If you are a sole proprietor or single member LLC, you will file your self employed income on your 1040 form on Schedule C.

To check the status of a tax return filed, please see this link for more information: How do I check my e-file status?