|
Who
must pay self-employment tax
You
must pay SE tax and file Schedule SE if either
of the following applies.
1.
You were self-employed and your net earnings from
self-employment (excluding income described in
(2)) were $400 or more.
2.
You performed services for a church as an employee
and received income of $108.28 or more.
The
SE tax rules apply even if you are fully insured
under social security or have started receiving
benefits.
|
If
You Are Liable For:
|
Use
Form:
|
Due
By: (*)
|
|
Income
Tax
|
1040
And Schedule C (**) or C-EZ
|
15th
Day of 4th month after end of
tax year
|
|
Self-Employment
Tax
|
Schedule
SE
|
File
with Form 1040
|
|
Estimated
tax
|
1040-ES
|
15th
day of 4th, 6th and
9th months of tax year, and 15th
day of 1st month after the end
of tax year
|
|
Social
security and Medicare taxes and income tax
withholding
|
941
8109
(to make deposits) (***)
|
April
30, July 31, October 31, And January 31st.
|
|
Providing
information on social security and Medicare
taxes and income tax withholding
|
W-2
(to employee)
W-2
and W-3 (to the Social Security Administration)
|
January
31(****)
Last
day of February (March 31 if filing electronically)(****)
|
|
Federal
unemployment (FUTA) tax
|
940
or 940-EZ
8109
(to make deposits)(***)
|
January
31(****)
April
30, July 31, October 31, And January 31,
but only if the liability for unpaid tax
is more than $100
|
|
Filing
information returns for payments to nonemployees
and transactions with other persons
|
See
information returns
|
Forms
1099-to the recipient by January 31 and
to the IRS by February 28 (March 31 if filing
electronically)
Other forms – see the General Instructions for Forms 1099, 1098, 5498,
and W-2G
|
*
If a due date falls on a Saturday, Sunday or legal
holiday, the due date is the next business day.
For more information, see Publication 509, Tax
Calendars for 2001.
**File
a separate schedule for each business.
***Do
not use if you deposit taxes electronically.
****See
the form instructions if you go out of business,
change the form of your business, or stop paying
wages.
|
