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Ask TaxMama Tax Information With a Mother's Touch Published by Eva Rosenberg, EA, aka TaxMama Volume 2, Issue 82, September 29, 2000 Sick and Able |
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Hello
TaxMama,
I have a quick question. I am on SSI at $512 per month. I recently started an on-line business that is starting to produce paychecks. I am going to use this pay to supplement my SSI. Should I file a W-2? What number of exemptions do I claim? Thanks,
 If you are on SSI, that means Social Security considers you disabled. I don't know the ramifications of your operating a business - please check with someone familiar with SSI rules before you move forward. Meanwhile, getting back to your question...If you are self-employed, you don't get a paycheck. You'll simply track all the income and expenses and report them on your Schedule C when you file your personal income tax return next year. Eva Rosenberg
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goal is to help you break the code that is the U.S. Income Tax System.
We will gladly entertain your questions. Please feel free to submit them
to asktaxmama@taxmama.com
There is no guarantee that we'll have room for all your questions, so we try to address those issues that will help the most people. Some of your questions may have already been answered in the past year or so. There are a wealth of articles already in place at The Directory of TaxMama's Articles. While this newsletter is offered to you for free, your TaxMama does tax consulation, tax writing and tax preparation for a living. So, if you need articles, guidance, research, audit representation, business advice or a tax return, please contact Eva Rosenberg, EA at payforadvice@taxmama.com. Also, please feel free to call 800-594-9829 if you need a dynamic speaker at your next conference. If you are interested in TaxMama's Weekly Tax Tips on your site, put "My Site" in the subject line. I always thought that everything related to Tax matters was dull. Especially Tax Professionals ... that is till I subscribed to I-Helpdesk_WebReview ... Eva moderates her list with incredible warmth and humor ... her humor section is sometimes (not too often :-) funnier than our own Jest for Pun. Although I've never used her Tax Services (don't earn enough to worry about such stuff :-) I'm willing to bet that it'll be 'interest'ing ! ... Gunjan, Jest for Pun |
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TaxMama c/o GifTech Corp. 2961 Industrial Rd., Suite 731 Las Vegas, NV 89109 800-594-9829 800-5WHY TAX? Send comments and suggestions to The TaxMama. Address Article Syndication inquiries to Syndication Office. Technical problems, please contact webmaster@taxmama.com. This site and its contents are copyrighted by Eva Rosenberg, ©1996, ©1997, ©1998, ©1999, ©2000 . If you want to reprint any articles or use any of the materials, please contact The Tax Writer. Updated September 29, 2000 |
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