EFTA01220500.pdf

SCHEDULE SE OMB No. 1545.0074 (Form 1040) Self-Employment Tax Department of the Treasury OP Information about Schedule SE and its separate instructions is at www.irs.govischedulose. 2014 Attachment Interrel Revenue Service (99) ► Attach to Fonn 1040 or Form 1040NR. Sequence No.17 Name of person with sell-employment income (as shown on Form 1040 or Form 1O4ONR) Social security number of person with self-employment income ► Before you begin: To determine if you must file Schedule SE, see the instructions. May I Use Short Schedule SE or Must I Use Long Schedule SE? Note. Use this flowchart only if you must file Schedule SE. If unsure, see Who Must File Schedule SE in the instructions. Did you receive wages or tips In 2014? • Are you a minister. member of a religious order. or Christian COS Was the total of your wages and tips subject to social security Yes Science practitioner who received IRS approval not to be taxed or railroad retirement (tier 1) tax plus your net earnings from on earnings from these sources. but you owe self-employment self-employment more than $117.000? tax on other earnings? No No • Are you using one of the optional methods to figure your net Did you receive tips subject to social security or Medicare tax Yes Ye eamings (see instructions)? that you did not report to your employer? No No V • No Did you report any wages on Form 5919. Uncollected Social Yes Did you receive chinch employee income (see instructions) Yes 41-- Security and Medicare Tax on Wages? reported on Form W-2 of $108.28 or more? No • You may use Short Schedule SE below You must use Long Schedule SE on page 2 Section A—Short Schedule SE. Caution. Read above to see if you can use Short Schedule SE. 1a Net farm profit or (loss) from Schedule F, line 34, and farm partnerships, Schedule K-1 (Form 1065), box 14, code A la b If you received social security retirement or disability benefits, enter the amount of Conservation Reserve Program payments included on Schedule F, line 4b, or listed on Schedule K-1 (Form 1065), box 20, code Z lb 2 Net profit or (loss) from Schedule C, line 31; Schedule C-EZ, line 3; Schedule K-1 (Form 1065), box 14. code A (other than farming); and Schedule K-1 (Form 1065-B), box 9, code J1. Ministers and members of religious orders, see instructions for types of income to report on this line. See instructions for other income to report 2 3 Combine lines la, lb, and 2 3 4 Multiply line 3 by 92.35% (.9235). If less than $400, you do not owe self-employment tax; do not file this schedule unless you have an amount on line lb Il• 4 Note. If line 4 is less than $400 due to Conservation Reserve Program payments on line 1b, see instructions. 5 Self-employment tax. If the amount on line 4 is: • $117,000 or less, multiply line 4 by 15.3% (.153). Enter the result here and on Form 1040, line 57, or Form 1040NR, line 55 • More than $117,000, multiply line 4 by 2.9% (.029). Then, add $14,508 to the result. Enter the total here and on Form 1040, line 57, or Form 1040NR, line 55 6 6 Deduction for one-half of self-employment tax. Multiply line 5 by 50% (.50). Enter the result here and on Form 1040, line 27, or Form 1040NR, line 27 I 6 For Paperwork Reduction Act Notice, see your tax return Instructions. Schedule SE (Form 1040) 2014 EFTA01220500 Schedule SE (Form 1040) 2014 Attachment Sequence No. 17 Page 2 Name of person with sell-employment income (as shown on Form 1040 or Form 1040NR) Social security number of person with self-employment income Is- Section B —Long Schedule SE Part I Self-Employment Tax Note. If your only income subject to self-employment tax is church employee income, see instructions. Also see instructions for the definition of church employee income. A If you are a minister, member of a religious order, or Christian Science practitioner and you filed Form 4361, but you had $400 or more of other net earnings from self-employment, check here and continue with Part I ► ❑ 1a Net farm profit or (loss) from Schedule F, line 34, and farm partnerships, Schedule K-1 (Form 1065), box 14, code A. Note. Skip lines la and lb if you use the farm optional method (see instructions) to b If you received social security retirement or disability benefits, enter the amount of Conservation Reserve Program payments included on Schedule F, line 4b, or listed on Schedule K-1 (Form 1065), box 20, code Z lb 2 Net profit or (loss) from Schedule C, line 31; Schedule C-EZ, line 3; Schedule K-1 (Form 1065), box 14. code A (other than farming); and Schedule K-1 (Form 1065-B), box 9, code J1. Ministers and members of religious orders, see instructions for types of income to report on this line. See instructions for other income to report. Note. Skip this line if you use the nonfarm optional method (see instructions) 2 3 Combine lines la, lb, and 2 3 4a If line 3 is more than zero, multiply line 3 by 92.35% (.9235). Otherwise, enter amount from line 3 4a Note. If line 4a is less than $400 due to Conservation Reserve Program payments on line lb, see instructions. b If you elect one or both of the optional methods, enter the total of lines 15 and 17 here . . 4b c Combine lines 4a and 4b. If less than $400, stop; you do not owe self-employment tax. Exception. If less than $400 and you had church employee income, enter -0- and continue ► 4c 5a Enter your church employee income from Form W-2. See instructions for definition of church employee income . . . 15a I b Multiply line Sa by 92.35% (.9235). If less than $100, enter -0- 5b 6 Add lines 4c and 5b 6 7 Maximum amount of combined wages and self-employment earnings subject to social security tax or the 6.2% portion of the 7.65% railroad retirement (tier 1) tax for 2014 7 117.000 00 8a Total social security wages and tips (total of boxes 3 and 7 on Form(s) W-2) and railroad retirement (tier 1) compensation. If $117,000 or more, skip lines 8b through 10, and go to line 11 8a b Unreported tips subject to social security tax (from Form 4137, line 10) 8b c Wages subject to social security tax (from Form 8919, line 10) 8c d Add lines 8a, 8b, and 8c ad 9 Subtract line 8d from line 7. If zero or less, enter -0- here and on line 10 and go to line 11 ► 9 10 Multiply the smaller of line 6 or line 9 by 12.4% (.124) 10 11 Multiply line 6 by 2.9% (.029) 11 12 Self-employment tax. Add lines 10 and 11. Enter here and on Form 1040, line 57, or Form 1040NR, line 55 12 13 Deduction for one-half of sett-employment tax. Multiply line 12 by 50% (.50). Enter the result here and on Form 1040, line 27, or Form 1040NR, line 27 1 13 I Part II Optional Methods To Figure Net Earnings (see instructions) Farm Optional Method. You may use this method only if (a) your gross farm income' was not more than $7,200, or (b) your net farm profits' were less than $5,198. 14 Maximum income for optional methods 14 4.800 00 15 Enter the smaller of: two-thirds (2/3) of gross farm income' (not less than zero) or $4,800. Also include this amount on line 4b above 15 Nonfarm Optional Method. You may use this method only if (a) your net nonfarm profits'were less than $&198 and also less than 72.189% of your gross nonfarm income' and (b) you had net earnings from self-employment of at least $400 in 2 of the prior 3 years. Caution. You may use this method no more than five times. 16 Subtract line 15 from line 14 16 17 Enter the smaller of: two-thirds (2/3) of gross nonfarm income' (not less than zero) or the amount on line 16. Also include this amount on line 4b above 17 From Sch. F, ine 9. and Sch. K-1 (Form 1065), box 14. code B. 3 From Sch. C, line 31; Sch. C-EZ. line 3; Sch. K 1 (Form 1065), box 14, code 2 From Sch. F. line 34, and Sch. K-1 (Form 1065), box 14, code A—minus the A; and Sch. K-1 (Form 1065-B), box 9. code J1. amount you would have entered on line 1 b had you not used the optional •From Sch. C, line 7; Sch. C-EZ, into 1: Sch. K-1 (Form 1065). box 14. code method. C; and Sch. K-1 (Form 1065-B), box 9, code J2. Schedule SE (Form 1040) 2014 EFTA01220501