What tax forms do I need to file as a self-employed musician?

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Posted by Chloe Desouza (MONEY FORUMS: 4, Answers: 0)
Asked on May 8, 2016 10:24 pm
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You would need to gather any 1099s you received and fill out Schedule C on Form 1040. Be sure to deduct any of your business related expenses, where applicable.

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Posted by Melanie Lockert (MONEY FORUMS: 0, Answers: 66)
Answered: May 10, 2016 7:14 pm
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You will use a Schedule C to record the expenses related to your self-employment, and all of the income will go into the appropriate lines on the 1040 form. If all of your income is from self-employment, you may need to file/pay estimated taxes (federal income tax and the SE FICA taxes) on a quarterly basis. There are a variety of computer-based tax programs that can help you with this, and they are driven by questions.

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Posted by Beth Tallman (MONEY FORUMS: 1, Answers: 61)
Answered: May 9, 2016 8:30 am