Instructions For Form 1040-Ss - U.s. Self-Employment Tax Return (Including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2005 Page 7

Under this method, you report on

less than your actual net earnings from

section 6103. However, section 6103

line 2, two-thirds of your gross farm

nonfarm self-employment alone.

allows or requires the IRS to disclose or

income, up to $1,600, as your net

give the information shown on your tax

If you use both methods to figure net

earnings. This method can increase or

return to others as described in the

earnings from self-employment, you

decrease your net self-employment

Code. For example, we may disclose

cannot report more than $1,600 of net

farm earnings. You may use this

your tax information to the SSA for use

earnings from self-employment.

method even if the farming business

in calculating your social security

had a loss.

benefits; to the Department of Justice,

Disclosure, Privacy Act, and

to enforce the tax laws, both civil and

For a farm partnership, figure your

Paperwork Reduction Act Notice.

criminal; and to cities, states, the

share of gross income based on the

The IRS Restructuring and Reform Act

District of Columbia, U.S.

partnership agreement. With

of 1998, the Privacy Act of 1974, and

commonwealths or possessions, and

guaranteed payments, your share of

Paperwork Reduction Act of 1980

certain foreign governments to carry out

the partnership’s gross income is your

require that when we ask you for

their tax laws.

guaranteed payments plus your share

information we must first tell you our

of the gross income after it is reduced

We may disclose your tax

legal right to ask for the information,

by all guaranteed payments made by

information to other persons as

why we are asking for it, and how it will

the partnership. If you were a limited

necessary to obtain information which

be used. We must also tell you what

partner, include only guaranteed

we cannot get in any other way in order

could happen if we do not receive it and

payments for services you actually

to determine the amount of or to collect

whether your response is voluntary,

rendered to or on behalf of the

the tax you owe. We may disclose your

required to obtain a benefit, or

partnership.

tax information to the Comptroller

mandatory under the law.

General of the United States to permit

Net farm profits. Net farm profits are

This notice applies to all papers you

the Comptroller General to review the

the total of the amounts from Part III,

file with us, including this tax return. It

Internal Revenue Service. We may

line 36, and your distributive share from

also applies to any questions we need

disclose your tax information to

farm partnerships.

to ask you so we can complete, correct,

Committees of Congress; federal, state,

Nonfarm Optional Method

or process your return; figure your tax;

and local child support agencies; and to

and collect tax, interest, or penalties.

other federal agencies for the purposes

You may be able to use this method to

Our legal right to ask for information

of determining entitlement for benefits

figure your net earnings from nonfarm

is sections 6001, 6011, and 7651 and

or the eligibility for and the repayment

self-employment if your net nonfarm

their regulations. They say that you

of loans. We may also disclose this

profits (defined below) were less than

must file a return or statement with the

information to other countries under a

$1,733 and also less than 72.189% of

IRS and pay to the United States

tax treaty, or to federal and state

your gross nonfarm income. To use this

Treasury any tax for which you are

agencies to enforce federal nontax

method, you also must be regularly

liable. Your response is mandatory

criminal laws, or to federal law

self-employed. You meet this

under these sections. Section 6109

enforcement and intelligence agencies

requirement if your actual net earnings

requires that you provide your SSN on

to combat terrorism.

from self-employment were $400 or

what you file. This is so we know who

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Instructions For Form 1040-Ss - U.s. Self-Employment Tax Return (Including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2005 Page 7

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