Tuesday, July 31, 2007

Tax Help: Self employment tax - IRC 1402

Nancy L. and Gerald L. Harper v. Commissioner.Docket No. 17561-05S . Filed July 30, 2007.[1402] Self-employment tax. --

A married couple failed to report the wife's commission income from her sales of insurance policies as an independent insurance agent; the couple was liable for self-employment tax but was entitled to a deduction for one half of the self-employment tax. The commissions were taxable despite the taxpayers' contention that they did not receive a check corresponding to the amount reported on Form 1099-MISC.

No comments: