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 - 2010 Page 2
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11If you have ever filed Form 2031,
government or an international
For other reporting requirements, see
!
Revocation of Exemption From
organization under the International
page 19 in the instructions for Form 1040.
Self-Employment Tax for Use By
Organizations Immunities Act) for
CAUTION
More Than One Business
Ministers, Members of Religious Orders,
services performed in the United States,
and Christian Science Practitioners, to
Puerto Rico, Guam, American Samoa,
If you were a farmer and had at least one
elect social security coverage on your
the USVI, or the CNMI. Report income
other business or you had two or more
earnings as a minister, you cannot revoke
from this employment in Part IV, line 1.
nonfarm businesses, your net earnings
that election.
Enter the net amount from Part IV, line
from self-employment are the combined
27, in Part V, line 2. If you performed
If you must pay SE tax, include this
net earnings from all of your businesses.
services elsewhere as an employee of a
income in Part IV, line 1. But do not report
If you had a loss in one business, it
foreign government or an international
it in Part V, line 5a; it is not considered
reduces the income from another.
organization, those earnings are exempt
church employee income.
Complete and file only one Form 1040-SS
from SE tax.
for any 1 year. Attach a separate Part III
Also include in Part IV, line 1:
Commonwealth or Territory
or Part IV for each trade or business, and
•
The rental value of a home or
combine the net earnings in a single
Residents Living Abroad
allowance for a home furnished to you
Part V.
(including payments for utilities), and
Generally, if you are a resident of Guam,
•
Joint returns. If both you and your
The value of meals and lodging
American Samoa, the USVI, the CNMI, or
spouse have self-employment income
provided to you, your spouse, and your
Puerto Rico living abroad, you must pay
from separate farm or nonfarm
dependents for your employer’s
SE tax.
businesses, each of you must complete
convenience.
Exception. The United States has social
and file a separate Part III or Part IV. Be
However, do not include in Part IV,
security agreements with many countries
sure to enter at the top of each Part III or
line 1:
to eliminate dual taxes under two social
Part IV the name and SSN of the spouse
•
Retirement benefits you received from
security systems. Under these
who owns the business. Each of you must
a church plan after retirement, or
agreements, you must generally pay
also complete a separate Part V. Attach
•
The rental value of or allowance for a
social security and Medicare taxes only to
these pages to a single Form 1040-SS.
home furnished to you (including
the country you live in.
payments for utilities) after retirement.
Husband-Wife Business
The United States now has social
If you were an ordained minister, a
security agreements with the following
If you and your spouse jointly own and
member of a religious order who has not
countries: Australia, Austria, Belgium,
operate an unincorporated farm or
taken a vow of poverty, or a Christian
Canada, Chile, Czech Republic,
nonfarm business and share in the profits
Science practitioner, and were employed
Denmark, Finland, France, Germany,
and losses, you are partners in a
by a church (congregation) for a salary,
Greece, Ireland, Italy, Japan,
partnership, whether or not you have a
do not include that income in Form
Luxembourg, the Netherlands, Norway,
formal partnership agreement. Do not use
1040-SS, Part IV. Instead, figure your SE
Poland, Portugal, South Korea, Spain,
Part III or IV. Instead, file the appropriate
tax by completing Part V, including on line
Sweden, Switzerland, and the United
partnership return.
2 this income and any rental (parsonage)
Kingdom. Additional agreements are
Exception — Qualified joint venture.
allowance or the value of meals and
expected in the future.
If you and your spouse materially
lodging provided to you. On the same
If you have questions about
participate (see Material participation in
line, subtract the allowable amount of any
international social security agreements,
the 2010 Instructions for Schedule C) as
unreimbursed business expenses you
you can:
the only members of a jointly owned and
incurred as a church employee. Attach an
1. Visit the Social Security
operated business, and you file a joint
explanation.
Administration (SSA) website at
Form 1040-SS for the tax year, you can
For details, see Pub. 517, Social
make a joint election to be taxed as a
Security and Other Information for
2. Call the SSA Office of International
qualified joint venture instead of a
Members of the Clergy and Religious
Programs at 410-965-3549 (not toll free)
partnership. To make this election, you
Workers.
for questions about the agreements; or
must divide all items of income, gain,
3. Write to Social Security
loss, deduction, and credit attributable to
Members of Recognized
Administration, Office of International
the business between you and your
Religious Sects
Programs, P.O. Box 17741, Baltimore,
spouse in accordance with your
If you have conscientious objections to
MD 21235-7741 USA. (Do not send Form
respective interests in the venture. Each
social security insurance because of your
1040-SS to this address. Instead, see
of you must file a separate Part III or Part
membership in and belief in the teachings
Where To File on page SS-3.)
IV, as well as a separate Part V. On each
of a religious sect recognized as being in
line of your separate Part III or Part IV,
existence at all times since December 31,
Even if you do not have to pay SE tax
you must enter your share of the
1950, and which has provided a
because of a social security agreement,
applicable income, deduction, or loss. For
reasonable level of living for its
you may still have to file a tax return with
complete information on this election, see
dependent members, you can request
the Internal Revenue Service.
the 2010 Instructions for Schedule C.
exemption from SE tax by filing Form
Chapter 11 Bankruptcy Cases
For more information on qualified joint
4029, Application for Exemption From
ventures, go to IRS.gov. Enter “QJV
While you are a debtor in a chapter 11
Social Security and Medicare Taxes and
election” in the search box and select
bankruptcy case, your net profit or loss
Waiver of Benefits. If you filed Form 4029
“Benefits of Qualified Joint Ventures for
from self-employment will be included on
and have received IRS approval, do not
Family Businesses.”
the income tax return (Form 1041) of the
file Form 1040-SS. See Pub. 517 for
Rental real estate business. If you
bankruptcy estate. However, you — not
details.
the bankruptcy estate — are responsible
and your spouse make the election for
Employees of Foreign
for paying self-employment tax on your
your rental real estate business, the
Governments or International
net earnings from self-employment.
income generally is not subject to SE tax
Organizations
(for an exception, see item 3 under Other
Enter on the dotted line to the left of
Income and Losses Included in Net
You must pay SE tax on income you
line 3 of Form 1040-SS, Part V, “Chap. 11
Earnings From Self-Employment on page
earned as a U.S. citizen or a resident of
bankruptcy income” and the amount of
SS-7).
Puerto Rico employed by a foreign
your net profit or (loss). Combine that
government (or, in certain cases, by a
amount with the total of lines 1a, 1b, and
If the election is made for a farm rental
wholly owned instrumentality of a foreign
2 (if any) and enter the result on line 3.
business that is not included in
SS-2
Instructions for Form 1040-SS (2010)
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