i fill out a 1040 tax form but i file self employed but i was told at the local bank that wasn't enough what else is needed
2007-10-18 11:55:58 · 4 answers · asked by I wish I could......... 4 in Business & Finance ➔ Taxes ➔ United States
Your self-employment income and associated expenses will go on a schedule C or C-EZ. The number from the bottom of that will go on a schedule SE to calculate your self-employment tax (social security and medicare). The numbers from the bottom of both schedules will then transfer to your 1040 to calculate your tax.
2007-10-18 12:24:41 · answer #1 · answered by Judy 7 · 1⤊ 0⤋
As the other answerers responded. Also, the bank might also want your year-to-date profit and loss statement since so much of this year has gone by.
2007-10-18 13:51:43 · answer #2 · answered by IRENE THE BOOKIE 3 · 0⤊ 0⤋
What was on your form, or forms? Or does the bank want something besides tax forms?
2007-10-18 12:11:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If you are self-employed, you must file Schedule SE and either Schedule C or Schedule C-EZ.
2007-10-18 12:00:51 · answer #4 · answered by StephenWeinstein 7 · 0⤊ 0⤋