Discussion:Schedule J
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| Revision as of 17:41, 18 March 2008 PHIL MOODY (Talk | contribs) (Schedule J (inco) ← Previous diff |
Revision as of 17:43, 18 March 2008 PostingFromWork (Talk | contribs) (Sch J doesn't af) Next diff → |
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| {{ForumReplyPost|UserID=PHIL MOODY|Date=18 March 2008|Text=Schedule J (income averaging for farmers) has no effect on SE tax. | {{ForumReplyPost|UserID=PHIL MOODY|Date=18 March 2008|Text=Schedule J (income averaging for farmers) has no effect on SE tax. | ||
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| + | {{ForumReplyPost|UserID=PostingFromWork|Date=18 March 2008|Text=Sch J doesn't affect SE tax, only income tax. Also, not just anyone can use income averaging. Make sure your client qualifies.}} | ||
Revision as of 17:43, 18 March 2008
Discussion Forum Index --> Basic Tax Questions --> Schedule J
Discussion Forum Index --> Tax Questions --> Schedule J
Smfbookkeeping (talk|edits) said: | 18 March 2008 |
| My client made a rather large profit this year. We are trying to reduce what he owes. Does the self employment tax remain the same, regardless of reducing the actual tax, or am I not preparing the Schedule J correctly? | |
PHIL MOODY (talk|edits) said: | 18 March 2008 |
| Schedule J (income averaging for farmers) has no effect on SE tax. | |
PostingFromWork (talk|edits) said: | 18 March 2008 |
| Sch J doesn't affect SE tax, only income tax. Also, not just anyone can use income averaging. Make sure your client qualifies. | |
