irs federal tax deductions
submit 2009 federal tax return with cash income?
My income in 2009 was about $ 20,000 in cash. Briefly elaborate the number to marital status together and find my taxable income is 0 after the standard deduction. Not have to pay the IRS if this is the case, right?
What do you mean by "cash"? Are you a W-2 employee? If the employer does not withhold taxes from your income, you are an independent contractor. In Then your income is subject to 15.3% SE tax.
Tax Help : How to Make Federal Budget Estimates
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Filed under: Tax Deductions
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