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 - 2001 Page 3
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The value of meals and lodging
on Part IV, line 1. If you performed
separate Part III or Part IV. Be sure to
provided to you, your spouse, and your
services elsewhere as an employee of
enter at the top of each Part III or Part
dependents for your employer’s
a foreign government or an
IV the name and social security number
convenience.
international organization, those
of the spouse who owns the business.
Do not include on Part IV, line 1:
earnings are exempt from SE tax.
•
Community Income
Retirement benefits you received
Commonwealth or Territory
from a church plan after retirement or
In most cases, if any of the income
•
Residents Living Abroad
The rental value of or allowance for a
from a business, including farming, is
home furnished to you (including
If you are a resident of Guam,
community income, all of the income
payments for utilities) after retirement.
American Samoa, the Virgin Islands,
from that business is considered
If you were a duly ordained minister
the CNMI, or Puerto Rico living abroad,
self-employment earnings of the
who was a church employee and you
in most cases you must pay SE tax.
spouse who carried on the trade or
must pay SE tax, report in Part IV your
business. The identity of the spouse
Exception. The United States has
income and expenses from performing
who carried on the trade or business is
social security agreements with many
services as a minister. Enter the net
determined by the facts in each
countries to eliminate dual taxes under
amount on Part I (or Part V), line 2.
situation. If you and your spouse are
two social security systems. Under
partners in a partnership, see
For details, see Pub. 517, Social
these agreements, you must generally
Partnership Income or Loss below.
Security and Other Information for
pay social security and Medicare taxes
Members of the Clergy and Religious
only to the country you live in.
Fiscal Year Filers
Workers.
The United States now has social
If your tax year is a fiscal year, use the
Revocation of election. If you
security agreements with the following
tax rate and earnings base that apply at
previously filed Form 4361 and
countries: Austria, Belgium, Canada,
the time the fiscal year begins. Do not
received IRS approval, you can revoke
Chile, Finland, France, Germany,
prorate the tax or earnings base for a
that election to be exempt from SE tax.
Greece, Ireland, Italy, Luxembourg, the
To do so, you must file Form 2031,
fiscal year that overlaps the date of a
Netherlands, Norway, Portugal, South
Revocation of Exemption From
rate or earnings base change.
Korea, Spain, Sweden, Switzerland,
Self-Employment Tax for Use by
and the United Kingdom. Additional
Ministers, Members of Religious
agreements are expected in the future.
Orders, and Christian Science
Specific Instructions
If you have questions about
Practitioners. See Form 2031 for
international social security
The accounting method you used to
details.
agreements, you can:
•
record your farm income determines
Visit the Social Security
Note: Once you file Form 2031 to elect
whether you complete Section A or C of
Administration (SSA) Web Site at
social security coverage on your
Part III.
,
earnings as a minister, you cannot
•
Cash method. Include all of your
Call the SSA Office of International
revoke that election.
income in the year you actually get it.
Programs at (410) 965-3548 or (410)
Members of Certain
Generally, you deduct your expenses
965-3554 (these are not toll-free
when you pay them.
numbers), or
Religious Sects
•
Write to Social Security
Accrual method. Include your income
If you have conscientious objections to
Administration, Office of International
in the year you earned it. It does not
social security insurance because of
Programs, P.O. Box 17741, Baltimore,
matter when you get it. You deduct
your membership in and belief in the
MD 21235-7741.
your expenses when you incur them.
teachings of a religious sect recognized
Even if you do not have to pay
as being in existence at all times since
Part I—Total Tax and
self-employment tax because of a
December 31, 1950, and which has
social security agreement, you may still
provided a reasonable level of living for
Part V—
have to file a tax return with the Internal
its dependent members, you can
Revenue Service. Do not send Form
Self-Employment Tax
request exemption from SE tax by filing
1040-SS to the SSA.
Form 4029, Application for Exemption
(for use by spouse)
From Social Security and Medicare
More Than One
Taxes and Waiver of Benefits. If you
If you are filing a joint return and
!
Business
filed Form 4029 and have received IRS
both you and your spouse have
approval, do not file Form 1040-SS.
income subject to
CAUTION
If you were a farmer and had at least
See Pub. 517 for details.
self-employment tax, be sure to
one other business or you had two or
complete Part V.
more businesses, your net earnings
Employees of Foreign
from self-employment are the combined
What Is Included in Net
Governments or
net earnings from all of your
Earnings From
International Organizations
businesses. If you had a loss in one
Self-Employment
business, it reduces the income from
You must pay SE tax on income you
another. Complete and file only one
earned as a U.S. citizen or a resident of
Generally, net earnings include your net
Form 1040-SS for any 1 year. Attach a
Puerto Rico employed by a foreign
profit from a farm or nonfarm business.
profit and loss statement for each trade
government (or, in certain cases, by a
If you were a partner in a partnership,
or business, and include the net
wholly owned instrumentality of a
see the following instructions.
earnings in Part I (or Part V) if the
foreign government or an international
Partnership Income or Loss
businesses are owned by your spouse
organization under the International
and you are filing a joint return.
Organizations Immunities Act) for
When figuring your total net earnings
services performed in the United
Joint returns. If both you and your
from self-employment, include your
States, Puerto Rico, Guam, American
spouse have self-employment income
share of partnership income or loss
Samoa, the CNMI, or the Virgin Islands.
from a farm or nonfarm business, each
attributable to a trade or business and
Report income from this employment
of you must complete and file a
any guaranteed payments for services
-3-
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