posted on Apr, 15 2014 @ 03:54 AM
reply to post by Ketzer22
If need be, file for an extension and definitely go through any deductions with a fine toothed comb. Use caution though and make sure that you
account for those things that you actually can evidence--just in case.
Here's the list of itemized deductions that you can look over to make sure that there isn't something that you may have missed:
And also read through these two as well:
Another thing to look at is whether or not you are legally an independent contractor or not. A lot of companies have taken to the practice of making
employees independent contractors to evade employment taxes and it's not always legal. If you were hired on for a specific job and completed it
without your employers control, then you'd probably fall under independent contractor. However, if they maintained control over the work you did and
more, you might get re-ruled as an employee--far better for your taxes.
A more simple explanation of the above:
If you look like you were an employee, think about filing a IRS Form SS-8 to get your status reviewed. What they'll do then is re-assess the employer
portion of the taxes and that'll reduce down your tax bill.
Hope this helps somehow. I'm an accountant and it doesn't make sense to me that, if you only made that $17k a year, that that would be your total tax
bill. So go through everything again, make sure nothing got missed by Turbo Tax which can get buggy with SE taxes apparently. And file that
PS. I'm an accountant albeit rusty on tax because, well, I hate tax, too.
edit on 15/4/14 by WhiteAlice because: added ps