Question

SE taxes 2019 and amend return

Forum|Forum|4 years ago
January 30, 2022
1 reply
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I made a mistake and filed taxes in 2019 claiming $0 income as single instead of married. Also I am a self employed Housekeeper and didn't realize I was required to pay SE taxes. I only make approximately $5,900 per year so I haven't filed a return since 2013. I know I have to amend my 2019 tax return to married filing jointly but what do I do about all the SE taxes I haven't paid? Am I going to be in big trouble? Thank you

Not A Product Question

AliciaP1

Your best option is to see What are My Self-Employed Tax Obligations? in order to determine your best next steps. Per the IRS:

Before you can determine if you are subject to self-employment tax and income tax, you must figure your net profit or net loss from your business. You do this by subtracting your business expenses from your business income. If your expenses are less than your income, the difference is net profit and becomes part of your income on page 1 of Form 1040 or 1040-SR. If your expenses are more than your income, the difference is a net loss. You usually can deduct your loss from gross income on page 1 of Form 1040 or 1040-SR. But in some situations your loss is limited.

Once you know your net earnings for each year you will know if you have to file. See Do I need to file a federal return this year? to help determine if you will need to file for a year.

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