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Old 01-16-2013, 06:36 PM
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Household Income

How do i report 9000.00 of HSH income from several different employers??? Each employer paid me less than 1800.00 throughout the year. I already understand that I could use a sch c, but if you can earn 1800.00 or less of HSH income per employer without a w-2, can I earn 9000.00 of HSH income from multiple employers and still report it as HSH income on line 7???



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Old 01-17-2013, 05:06 PM
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“How do i report 9000.00 of HSH income from several different employers???”---- In the eyes of the state and the IRS, a person working as a nanny is considered to be self-employed. Without a w-2, you will have to report your income earned on Sch C and attach that to your 1040. You should claim any deductions you may have had on Sch C. so as long as the amount on Sch C line 29/31 is $400 or exceeds $400, then you need to file your return and also as long as the amount on Sch SE line 3 / 4 is $400 or exceeds $400, you need to pay self-employment tax to the IRS.As you are filing as a sole proprieto and/or a self-employed individual, you generally have to make estimated tax payments if you expect to owe tax of $1,000 or more when you file your return.HOWEVER, you do not have to pay estimated tax for the current year if you had no tax liability for the prior year; you were a U.S. citizen or resident for the whole year;your prior tax year covered a 12 month period.
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“Each employer paid me less than 1800.00 throughout the year. I already understand that I could use a sch c,”-========>Correct as said above.
“ but if you can earn 1800.00 or less of HSH income per employer without a w-2, can I earn 9000.00 of HSH income from multiple employers and still report it as HSH income on line 7???”===>UNLESS you receive a W2(s) from ER(s), you need to report it on Sch C line 1. I have to assume that you will get a 1099-MISC from these the ERs and if not you will still have to report the $9K on a 1040-sch C



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