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?
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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 %.
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