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Schedule C Declaration Form

Schedule C Declaration Form

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Video instructions and help with filling out and completing Schedule C Declaration Form

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Instructions and help about schedule c declaration

all right for this video I want to go through a sample schedule SE for self-employment taxes and in this example we're going to have John Q taxpayer who's a self-employed consultant so he's filling out a schedule C to report his profit or loss from business and these earnings are going to be subject to the self-employment taxes so we've got John's full 1040 here so we'll go through the schedule SE Schedule C and all the other uh forms and SCH ual that are required and then we've also got just one slide here covering some background on the self-employment tax and then some details on the fact pattern so the schedule SE it's generally going to be filed with your 1040 and it is used to calculate not only your self-employment earnings that are subject to tax but your self-employment taxes and so when we talk about self-employment taxes and those rates the combined rate is really two components so there's a social secur

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