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Schedule Adj Form

Schedule Adj Form

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What is a W-9 tax form? What is a W-9 tax form?

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Instructions and help about Schedule Adj

all right for this video we want to do a walk through of the schedule SE for self-employment taxes and this is going to be for the 2023 tax year now in this scenario what we're going to have here is our taxpayer John Q taxpayer he is full-time employee at a software company but he also has this SI business where he does some marketing Consulting so he's got a Schedule C where he reports the income and loss from his marketing Consulting business but we can see here on page one of his 1040 that he's also got some W2 income from this other business where he's a full-time employee now the reason why those details are significant is because when you complete the schedule SE for your self-employment tax you have to factor in how much Social Security tax you've already paid on other types of employee compensation or from other uh self-employed Ventures and so we'll have a look at schedule SE for John and the rest of his 1040 and see how all this

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