Page 18 of 38
|
The last step would be signing the return. When self-preparing your taxes and filing electronically, you must sign and validate your electronic tax return by entering your prior-year Adjusted Gross Income (AGI) or your prior-year Self-Select PIN (Personal Identification Number). You should provide your email address so you can be notified of the status of your e-filed return. Signing your return using Self-Select PIN is the simplest and fastest way to submit your signature. You do not need to mail in a paper signature, and you receive an immediate acknowledgement that your tax return was received. Learn more about Validating Your Electronically Filed Tax Return by visiting the IRS Web site. Now click the Next button to finish filing your return. |
|
|
Using Form 1099-INT to Complete Schedule C, Schedule SE, and Form 1040
|
|
You are a full-time high school student. After school and on weekends, you take care of pets while their owners are traveling. You are not an employee. You are correctly classified as an independent contractor. It's the last day of the year. You earned $1,700.00 by walking dogs as well as by feeding various pets, including dogs, cats, and birds. You have receipts for all of the business expenses. Supplies, including dog treats, plastic bags, collars, and leashes: $40.00 Notebook to track income and expenses: $5.00 You deposit your earnings in a savings account. You will use the money to pay for your college education. During the year you earned $54.00 of interest income on your savings. Your mother provided all of your support. To review your personal information, click My Profile. |
"Review the Scenario
Information using
My Profile"
~Tina the Tax Tutor
