TaxGuyBill
Level 15

Are you a tax professional?

I don't mean any offense, but this is VERY basic knowledge for a tax professional that prepares a tax return with self employment.  If you are not familiar with this very basic information, you may want to turn down this client until you have had a chance to learn more about how to report self employment income and expenses.

Again, this is NOT meant to offend you, because we ALL have things that we are not knowledgeable about for tax returns.  But as tax professionals, we should not be accepting clients that have situations that we don't even know the basics.