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 - 2011
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102011
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
may file Form 1040-PR in place of Form
group-term life insurance (see the
1040-SS.
instructions for Part I, line 5, later);
Revenue Code unless otherwise noted.
•
Claim excess social security tax
General Instructions
One purpose of the form is to report
withheld;
net earnings from self-employment to the
•
Claim the additional child tax credit
United States and, if necessary, pay SE
What’s New
(bona fide residents of Puerto Rico only);
tax on that income. The Social Security
and
Administration (SSA) uses this
•
Future developments. The IRS has
Claim the health coverage tax credit
information to figure your benefits under
created a page on IRS.gov for information
(bona fide residents of Puerto Rico only).
the social security program. SE tax
about Form 1040-SS and its instructions,
applies no matter how old you are and
Who Must Pay SE Tax
at Information
even if you already are receiving social
about any future developments affecting
security or Medicare benefits.
Self-Employed Persons
Form 1040-SS (such as legislation
See Who Must File below for
enacted after we release it) will be posted
You must pay SE tax if you had net
additional uses of this form.
on that page.
earnings of $400 or more as a
Deduction for self-employed health
You may also be required to file an
self-employed person. If you are in
insurance. You can no longer deduct
income tax return with the government of
business (farm or nonfarm) for yourself,
self-employed health insurance premiums
Guam, American Samoa, the USVI, the
you are self-employed.
CNMI, or Puerto Rico. Check with your
on line 1b. Any error in claiming this
You must also pay SE tax on your
local tax office for more details.
deduction on a filed Form 1040-SS is
share of certain partnership income and
corrected on line 1b, Part V, of Form
your guaranteed payments. See
Who Must File
1040-SS. At the top of the page 1 of the
Partnership Income or Loss in the
corrected return, enter “CORRECTED” in
instructions for Part V, later.
You must file Form 1040-SS if you meet
dark bold letters followed by the date.
all three requirements below.
Church Employees
Maximum income subject to social
1. You, or your spouse if filing a joint
If you had church employee income of
security. For 2011, the maximum
return, had net earnings from
$108.28 or more, you must pay SE tax on
amount of self-employment income
self-employment (from other than church
that income. Church employee income is
subject to social security tax remains at
employee income) of $400 or more (or
wages you received as an employee
$106,800.
you had church employee income of
(other than as a minister or member of a
$108.28 or more — see Church
Optional methods to figure net
religious order) of a church or qualified
Employees later).
earnings. For 2011, the maximum
church-controlled organization that has a
2. You do not have to file Form 1040
income for using the optional methods
certificate in effect electing exemption
with the United States.
remains at $4,480.
from employer social security and
3. You are a resident of:
Medicare taxes.
Reminders
a. Guam,
If your only income subject to
b. American Samoa,
self-employment tax is church employee
Electronic filing. You may be able to
c. The USVI,
income, skip lines 1a through 4b in Part
e-file Form 1040-SS if you are claiming
d. The CNMI, or
V. Enter “-0-” on line 4c and go to line 5a.
only the additional child tax credit. For
e. Puerto Rico (you can file either
general information about electronic filing,
Ministers and Members of
Form 1040-PR (in Spanish) or Form
visit
1040-SS).
Religious Orders
Estimated tax payments. If you expect
In most cases, you must pay SE tax on
to owe self-employment (SE) tax of
Even if you have a loss or little
salaries and other income for services
$1,000 or more for 2012, you may need
income from self-employment, it
TIP
you performed as a minister, a member of
to make estimated tax payments. Use
may benefit you to file Form
a religious order who has not taken a vow
Form 1040-ES, Estimated Tax for
1040-SS and use either ‘‘optional
of poverty, or a Christian Science
Individuals, to figure your required
method’’ in Part VI. See Part VI later.
practitioner. But if you filed Form 4361,
payments and for the vouchers to send
If (2) and (3) above apply, you also
Application for Exemption From
with your payments.
must file Form 1040-SS (or you can use
Self-Employment Tax for Use by
Form 1040-PR in Spanish if you are a
Ministers, Members of Religious Orders
Purpose of Form
resident of Puerto Rico) to:
and Christian Science Practitioners, and
•
This form is for residents of the U.S.
Report and pay household employment
received IRS approval, you will be exempt
Virgin Islands (USVI), Guam, American
taxes;
from paying SE tax on those net earnings.
•
Samoa, the Commonwealth of the
Report and pay employee social
If you had no other income subject to SE
Northern Mariana Islands (CNMI), and the
security and Medicare tax on (a)
tax and do not owe any of the taxes listed
Commonwealth of Puerto Rico (Puerto
unreported tips, (b) wages from an
earlier under Who Must File, you are not
Rico) who are not required to file a U.S.
employer with no social security or
required to file Form 1040-SS. However,
income tax return. Residents of Puerto
Medicare tax withheld, or (c) uncollected
if you had other earnings of $400 or more
Rico who wish to file a return in Spanish
social security and Medicare tax on tips or
subject to SE tax, see Part V, line A.
Feb 07, 2012
Cat. No. 26341Y
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