Ask Larry

How Do I Report My Income If My Employer Doesn't Take Out Taxes?

How do i report my income on a part time job. IF MY EMPLOYER does not take out taxes and i do a 1099 as a subcontrctor. Making a 1000 a month

Hi. You would report that income on your tax return as self-employment. I'm not a tax expert, but you can find more information on the following IRS website: https://www.irs.gov/businesses/small-businesses-self-employed/self-emplo....

For Social Security purposes, the countable amount would be your net earnings from self-employment (NESE), which is calculated on Schedule SE of your tax return.

Best, Jerry

Posted: 
Nov 30 2021 - 5:42pm
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