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Hello, This is my first year filing taxes for my side business with Beautycounter. They do not take withholdings out of our checks, how do I go about doing this?

 
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Coleen3
Intuit Alumni

Hello, This is my first year filing taxes for my side business with Beautycounter. They do not take withholdings out of our checks, how do I go about doing this?

You can report your earning without a W-2. You are considered to be an Independent Contractor and would report your income on Schedule C. You can also deduct expenses. Since there are no taxes withheld, you are responsible for them.

 No 1099-Misc HOW TO ENTER

  1. First, sign in to My TurboTax
  2. Next, click the orange Take me to my return button
  3. On the white bar at the top, click Federal Taxes
  4. Then, Wages & Income
  5. In the Self-Employment section (you may need to click Show more), next to Income and Expenses, click Start (or Revisit)
  6. When asked "Did you have any self-employment income or expenses?" select Yes
  7. You'll see the screen titled "Tell us the type of self-employment work you do." Enter your description, then Continue
  8. On the next screen "Let's get income for [description]" select the button Additional income. Includes 1099-K, check/cash payments and Continue 
  9. The next screen will say "Tell us about additional income for your [description] work." List descriptions and amounts on this screen

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