What tax form do I need to fill out for a Creative Memories Consultant?

Question

My wife is a Creative Memories consultant. Not sure If I need to fill out a Schedule C since she is technically self-employed or what. Thanks for the help.

Answer 1

If she didn't receive a W2, she's self employed.

File Schedule C or C-EZ to account for the income and business expenses.

File Schedule SE to calculate the Self-Empoyment tax -- 15.3% of the net profit from the business activity if it's over $400 for the tax year.

Answer 2

Whether or not she gets a 1099, she will fill out a schedule C, and schedule SE to calculate self-employment tax. The numbers from the bottom of these two schedules transfer to the 1040.

Answer 3

The W-9 sort won't ask you procedures many you declare on account that query is used for the objective of withholding out of your paycheck. while you're filling out the W-9, you're a contractor particularly than a typical worker. The organization is extremely not withholding something out of your verify. you would be one hundred% in charge for paying your tax invoice. save that for the period of suggestions whilst your funds your paycheck. additionally, if the organization does not permit you do the interest your guy or woman thank you to get the required/needed effects, then you definately are being categorised incorrectly, and could be a typical W-2 worker. in the event that they inform you whilst, the place, and the thank you to do your artwork, they could classify you as a typical worker, and you are able to fill out a W-4 particularly than a W-9. additionally, considering which you're actually not a partnership, LLC, or corporation (you will certainly comprehend it in case you have been one in each and every of those), then make certain you % #a million for guy or woman/sole proprietor.

Answer 4

Schedule C and Schedule SE

Answer 5

Schedules C and SE will be necessary.

Answer 6

Maybe a 1099 form