Instructions For Form 1040-Ss - U.s. Self-Employment Tax Return (Including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2010
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112010
Department of the Treasury
Internal Revenue Service
Instructions for Form
1040-SS
U.S. Self-Employment Tax Return (Including the Additional Child Tax Credit for
Bona Fide Residents of Puerto Rico)
•
Section references are to the Internal
self-employment to the United States and,
Claim excess social security tax
if necessary, pay SE tax on that income.
withheld;
Revenue Code unless otherwise noted.
•
The Social Security Administration (SSA)
Claim the additional child tax credit
General Instructions
uses this information to figure your
(bona fide residents of Puerto Rico only);
benefits under the social security
and
•
What’s New
program. SE tax applies no matter how
Claim the health coverage tax credit
old you are and even if you already are
(bona fide residents of Puerto Rico only).
Deduction for self-employed health
receiving social security or Medicare
insurance. If you were self-employed
benefits.
Who Must Pay SE Tax
and paid for health insurance in 2010 for
See Who Must File below for
you or your family, you may be able to
Self-Employed Persons
additional uses of this form.
deduct your cost. See Line 1b on page
You may also be required to file an
You must pay SE tax if you had net
SS-8.
income tax return with the government of
earnings of $400 or more as a
Maximum income subject to social
Guam, American Samoa, the USVI, the
self-employed person. If you are in
security. For 2010, the maximum
CNMI, or Puerto Rico. Check with your
business (farm or nonfarm) for yourself,
amount of self-employment income
local tax office for more details.
you are self-employed.
subject to social security tax remains at
$106,800.
Who Must File
You must also pay SE tax on your
Optional methods to figure net
share of certain partnership income and
You must file Form 1040-SS if you meet
earnings. For 2010, the maximum
your guaranteed payments. See
all three requirements below.
income for using the optional methods is
Partnership Income or Loss beginning on
1. You, or your spouse if filing a joint
$4,480.
page SS-6.
return, had net earnings from
Reminders
Church Employees
self-employment (from other than church
employee income) of $400 or more (or
If you had church employee income of
Making work pay credit. For tax year
you had church employee income of
$108.28 or more, you must pay SE tax on
2010, if you have earned income from
$108.28 or more — see Church
that income. Church employee income is
work you may be able to receive this
Employees on this page).
wages you received as an employee
credit. It is 6.2% of your earned income
2. You do not have to file Form 1040
(other than as a minister or member of a
but cannot be more than $400 ($800 if
with the United States.
religious order) of a church or qualified
married filing jointly). Qualified bona fide
3. You are a resident of:
church-controlled organization that has a
residents of Puerto Rico, American
a. Guam,
certificate in effect electing exemption
Samoa, the Commonwealth of the
b. American Samoa,
from employer social security and
Northern Mariana Islands, Guam, and the
c. The USVI,
Medicare taxes.
U.S. Virgin Islands will receive this credit
d. The CNMI, or
from their territorial governments.
e. Puerto Rico (you can file either
If your only income subject to
Electronic filing. You may be able to
Form 1040-PR (in Spanish) or Form
self-employment tax is church employee
e-file Form 1040-SS if you are claiming
1040-SS).
income, skip lines 1a through 4b in Part
only the additional child tax credit. For
V. Enter “-0-” on line 4c and go to line 5a.
general information about electronic filing,
Even if you have a loss or little
Ministers and Members of
visit
and click on
income from self-employment, it
TIP
“Individual Taxpayers.”
Religious Orders
may benefit you to file Form
Estimated tax payments. If you expect
1040-SS and use either ‘‘optional
In most cases, you must pay SE tax on
to owe self-employment (SE) tax of
method’’ in Part VI. See Part VI on page
salaries and other income for services
$1,000 or more for 2011, you may need
SS-8.
you performed as a minister, a member of
to make estimated tax payments. Use
If (2) and (3) above apply, you also
a religious order who has not taken a vow
Form 1040-ES, Estimated Tax for
must file Form 1040-SS (or you can use
of poverty, or a Christian Science
Individuals, to figure your required
Form 1040-PR in Spanish if you are a
practitioner. But if you filed Form 4361,
payments and for the vouchers to send
resident of Puerto Rico) to:
Application for Exemption From
with your payments.
•
Report and pay household employment
Self-Employment Tax for Use by
taxes;
Ministers, Members of Religious Orders
Purpose of Form
•
Report and pay employee social
and Christian Science Practitioners, and
This form is for residents of the U.S.
security and Medicare tax on (a)
received IRS approval, you will be exempt
Virgin Islands (USVI), Guam, American
unreported tips, (b) wages from an
from paying SE tax on those net earnings.
Samoa, the Commonwealth of the
employer with no social security or
If you had no other income subject to SE
Northern Mariana Islands (CNMI), and the
Medicare tax withheld, or (c) uncollected
tax and do not owe any of the taxes listed
Commonwealth of Puerto Rico (Puerto
social security and Medicare tax on tips or
earlier under Who Must File, you are not
Rico) who are not required to file a U.S.
group-term life insurance (see the
required to file Form 1040-SS. However,
income tax return. One purpose of the
instructions for Part I, line 5, on page
if you had other earnings of $400 or more
form is to report net earnings from
SS-4);
subject to SE tax, see Part V, line A.
Cat. No. 26341Y
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