Instructions For Form 1040-Ss - U.s. Self-Employment Tax Return (Including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - 2017 Page 3
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14410-965-3322 (not toll free) for questions
or Part IV. Instead, file the appropriate
Exception—Qualified joint venture
(QJV),
about the agreements; or
partnership return.
earlier.
3. Write to:
Exception—Qualified joint venture
Where To File
(QJV).
Social Security Administration
If you are enclosing a payment, send your
If you and your spouse materially
Office of International Programs
Form 1040-SS to:
participate (see Material participation in
P.O. Box 17741
the 2017 Instructions for Schedule C
Baltimore, MD 21235-7741 USA.
Department of the Treasury
(Form 1040)) as the only members of a
P. O. Box 1303
jointly owned and operated business, and
Charlotte, NC 28201-1303
Do not send Form 1040-SS to this
you file a joint Form 1040-SS for the tax
address. Instead, see
Where To
File, later.
year, you can make a joint election to be
If you aren't enclosing a payment, send
taxed as a QJV instead of a partnership.
Even if you do not have to pay SE
your Form 1040-SS to:
To make this election, you must divide all
tax because of a social security
!
items of income, gain, loss, deduction,
agreement, you may still have to
Department of the Treasury
and credit attributable to the business
CAUTION
file a tax return with the Internal Revenue
Internal Revenue Service
between you and your spouse in
Service.
Austin, TX 73301-0215
accordance with your respective interests
in the venture. Each of you must file a
Chapter 11 Bankruptcy Cases
When To File
separate Part III or Part IV, as well as a
While you are a debtor in a Chapter 11
separate Part V. On each line of your
If you file on a calendar year basis, file by
bankruptcy case, your net profit or loss
separate Part III or Part IV, you must enter
April 17, 2018.
from self-employment will be included on
your share of the applicable income,
the income tax return (Form 1041) of the
If you file on a fiscal year basis, file by
deduction, or loss. For complete
bankruptcy estate. However, you—not the
the 15th day of the 4th month after the
information on this election, see the 2017
bankruptcy estate—are responsible for
close of your fiscal year.
Instructions for Schedule E (Form 1040).
paying self-employment tax on your net
For more information on QJVs, go to
Extension of Time To File
earnings from self-employment.
IRS.gov and enter “qualified joint venture”
If you can't file Form 1040-SS by the due
in the search box.
Enter on the dotted line next to line 3 of
date, you can get an extension of time to
Form 1040-SS, Part V, “Chap. 11
file the form. In some cases, you can get
Rental real estate business. If you
bankruptcy income” and the amount of
an extension of time to file and pay any tax
and your spouse make the QJV election
your net profit or (loss). Combine that
due.
for your rental real estate business, in
amount with the total of lines 1a, 1b, and 2
most cases the income isn't subject to SE
Bona fide residents of Puerto Rico.
(if any) and enter the result on line 3.
tax (for an exception, see item 3 under
You can apply for an automatic 6-month
Other Income and Losses Included in Net
For other reporting requirements, see
extension of time to file Form 1040-SS
Earnings From Self-Employment
in the
the Instructions for Form 1040.
(until October 15, 2018, for calendar year
instructions for Part V, later).
taxpayers). To get this automatic
More Than One Business
If the QJV election is made for a farm
extension, you must file Form 4868, by the
rental business that isn't included in
regular due date of your return (April 17,
If you were a farmer and had at least one
self-employment, the income isn't subject
2018, for calendar year taxpayers). You
other business or you had two or more
to SE tax. Do not include the income on
can file Form 4868 either by paper or
nonfarm businesses, your net earnings
Form 1040-SS. Depending on the source
electronically through IRS e-file. For
from self-employment are the combined
of the income (possession, U.S. source, or
details, see the instructions on Form 4868.
net earnings from all of your businesses. If
other foreign source), you may need to file
you had a loss in one business, it reduces
This 6-month extension to file
other tax forms. See Pub. 570, and Form
the income from another. Complete and
does not extend the time to pay
!
4835, for more information.
file only one Form 1040-SS for any 1 year.
your tax. Any interest due on
Attach a separate Part III or Part IV for
CAUTION
Exception—Community income. If you
unpaid taxes is calculated from the original
each trade or business, and combine the
and your spouse wholly own an
due date of the return.
net earnings in a single Part V.
unincorporated business as community
property under the community property
Bona fide residents of American Sa-
Joint returns. If both you and your
laws of a state, foreign country, or U.S.
moa, the CNMI, Guam, or the USVI.
spouse have self-employment income
possession, the income and deductions
You can apply for the automatic 6-month
from separate farm or nonfarm
are reported based on the following.
extension described above, or you can
businesses, each of you must complete
If only one spouse participates in the
receive an automatic 2-month extension
and file a separate Part III or Part IV. Be
business, all of the income from that
and then apply for an additional 4-month
sure to enter at the top of each Part III or
business is the self-employment earnings
extension if you still need more time.
Part IV the name and SSN of the spouse
of the spouse who carried on the
who owns the business. Each of you must
Automatic 2-month extension. You
business.
also complete a separate Part V. Attach
are allowed an automatic 2-month
If both spouses participate, the income
these pages to a single Form 1040-SS.
extension to file your return and pay your
and deductions are allocated to the
tax if you are outside the United States
Business Owned and
spouses based on their distributive
and Puerto Rico on the day Form 1040-SS
shares.
Operated by Spouses
is due (April 17, 2018, for calendar year
If either or both you and your spouse
taxpayers). Although you have an
If you and your spouse jointly own and
are partners in a partnership, see
extension of time to pay your tax, interest
operate an unincorporated business (farm
Partnership Income or Loss
in the
on any unpaid tax will be charged from the
or nonfarm) and share in the profits and
instructions for Part V, later.
original due date of the return.
losses, you are partners in a partnership,
If you and your spouse elected to treat
whether or not you have a formal
To get this automatic extension, you
the business as a QJV, see
partnership agreement. Do not use Part III
must file Form 1040-SS by the extended
Instructions for Form 1040-SS (2017)
SS-3
ADVERTISEMENT
0 votes
Related Articles
Related forms
Instructions For Form 1040-ss - U.s. Self-employment Tax Return (including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Department Of The Treasury Internal Revenue Service - 2009
Financial
Form 1040-ss - U.s. Self-employment Tax Return (including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - 2017
Financial
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 - 2007
Financial
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 - 2008
Financial
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 - 2005
Financial
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
Financial
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 - 2006
Financial
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 - 2002
Financial
Related Categories
Parent category: Financial