this doesn't answer my question; there are no 1099s at all, just cash payments. why are taxes due if this is my total income, personal, business, or otherwise?
You'll need to sign in or create an account to connect with an expert.
If the $8,000 of income were wages, you would have paid FICA taxes on the wages.
Self-employment income of over $400 is taxed for employment taxes...e.g., Social Security and Medicare.
You shouldn't be paying any income taxes.
If the $8,000 of income were wages, you would have paid FICA taxes on the wages.
Self-employment income of over $400 is taxed for employment taxes...e.g., Social Security and Medicare.
You shouldn't be paying any income taxes.
when Self-employed you can't escape the SE tax of 15 %.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
tuxedorose
Level 4
davidchl
Level 2
davephx
Level 2
dummy24
Returning Member
tunamochi
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.