Bishop
01-23-2007, 07:24 PM
I was researching some tax stuff and i came across this....
What is Self-Employment Income?
Income received from a trade or business you conduct on a continuous and regular basis less allowable deductions
Payments received from your partnership for services rendered
Income paid by insurance companies to retired insurance agents based on prior work such as unpaid commissions
Real estate rental income if substantial services are rendered
Extended earnings payments to an independent insurance agent
Minister's housing allowances unless Form 4361 is filed to opt out of Social Security (not subject to income tax)
Income of employees of a church or church-controlled organization
Income from independent contracting of services
Income from street hustling, panhandling, and drug dealing
Income from commercial fishing if working for share of the catch
Foreign earned income excluded from income tax
Income from selling and distributing newspapers and magazines
Business interruption insurance payments
Crop-sharing income
so i guess street hustlers, panhandlers, and drug dealers have to pay taxes too? lol
What is Self-Employment Income?
Income received from a trade or business you conduct on a continuous and regular basis less allowable deductions
Payments received from your partnership for services rendered
Income paid by insurance companies to retired insurance agents based on prior work such as unpaid commissions
Real estate rental income if substantial services are rendered
Extended earnings payments to an independent insurance agent
Minister's housing allowances unless Form 4361 is filed to opt out of Social Security (not subject to income tax)
Income of employees of a church or church-controlled organization
Income from independent contracting of services
Income from street hustling, panhandling, and drug dealing
Income from commercial fishing if working for share of the catch
Foreign earned income excluded from income tax
Income from selling and distributing newspapers and magazines
Business interruption insurance payments
Crop-sharing income
so i guess street hustlers, panhandlers, and drug dealers have to pay taxes too? lol