I work as a graphic designer but i freelance on the side and have somewhat of a home business. Im not sure which forms to fill to report my freelance income.
2007-01-20 04:19:01 · 6 answers · asked by bu 2 in Business & Finance ➔ Taxes ➔ United States
Freelance income would be reported on schedule C, or C-EZ - you'd probably be able to use C-EZ. You'll report your freelance income there, along with any expenses of doing the job, and the number at the bottom will carry over to your 1040. You'll also have to fill out a schedule SE to calculate your self-employment tax (social security and medicare) on this income - that will transfer over to the 1040 also. Your income from your regular job will just go on your 1040 as usual.
2007-01-20 04:28:25 · answer #1 · answered by Judy 7 · 1⤊ 0⤋
It looks like you have a sole propreitorship.
Forms 1040, Schedule C, Schedule SE may be required.
Caveat: Did you collect sales tax? State sales tax forms may be required. Do you have a state income tax? Most states do.
2007-01-20 12:28:59 · answer #2 · answered by Anonymous · 1⤊ 0⤋
You need the 1040--long form
2007-01-20 12:40:16 · answer #3 · answered by old_woman_84 7 · 0⤊ 1⤋
It's regular income. Add it as other income. You will then have to itemize your related expenses.
2007-01-20 12:23:19 · answer #4 · answered by Anonymous · 0⤊ 0⤋
go see the movie happy feet it was so cool i felt like dancing the was the penguin's did.or at less rent it out.
2007-01-20 12:24:00 · answer #5 · answered by i,m here if you need to talk. 6 · 1⤊ 0⤋
Go to the website.
2007-01-20 13:01:16 · answer #6 · answered by Naomi 2 · 0⤊ 1⤋