Klarinet Archive - Posting 000232.txt from 1999/02

From: "Kevin Fay (LCA)" <kevinfay@-----.com>
Subj: RE: [kl] Taxes
Date: Fri, 5 Feb 1999 20:31:30 -0500

Gotta ask this one--

I play for money. Group cuts me a check (or cash). I get no 1099--this
group is a bunch of musicians, and don't file anything with anybody.

Do I declare the income? Of course; I'm not an idiot. Life is way too
short not to.

Where? Schedule SE and Schedule C? Or will I go to tax hell if I just
include the amount in the wages line? (I don't plan to take any
music-related deductions). We're only talking a total of about $800 here
this year--I haven't been doing much paid stuff since my daughter was born.

kjf

-----Original Message-----
From: mark weinstein [mailto:cpaok@-----.net]
Subject: Re: [kl] Taxes

One more answer to Neil's tax question:

YES, Schedule SE is used to calculate self-employment tax on income reported
on Schedule C, and elsewhere on Form 1040, which is subject to
self-employment taxes. IRC 1402 is the bible.

mw

****************************************
Mark Weinstein
Mark Weinstein, CPA, Inc.
6422-B North Santa Fe
Oklahoma City, OK 73116
Office: 405.848.4441
Fax: 405.848.4463
Email: cpaok@-----.net
****************************************

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