I think the situation is that you have gains and losses. The losses are more than the gains so you would not think you would owe tax. But since there are the wa...
FICA taxes (SS and Medicare) are 7.65%, income tax might be 12%, state taxes at 5%. That is about 24.65% tax. If they withhold 22% instead of 12% for federal it...
What did you set up for your sole business? Likely you were only required to file Sch C anyway. And if you had no income or expenses then there would be no requ...