Looking for a Irs Publications? Download it for free!

SCHEDULE SE

OMB No. 1545-0074

2003

Self-Employment Tax

(Form 1040)

Attachment

Department of the Treasury

Attach to Form 1040.

See Instructions for Schedule SE (Form 1040).

(99)

Sequence No.

Internal Revenue Service

Name of person with self-employment income (as shown on Form 1040)

Social security number of person

with self-employment income

John E. Michaels

011 00 2222

Who Must File Schedule SE

You must file Schedule SE if:

● You had net earnings from self-employment from other than church employee income (line 4 of Short Schedule SE or line 4c of

Long Schedule SE) of $400 or more or

● You had church employee income of $108.28 or more. Income from services you performed as a minister or a member of a

religious order is not church employee income (see page SE-1).

Note. Even if you had a loss or a small amount of income from self-employment, it may be to your benefit to file Schedule SE and

use either “optional method” in Part II of Long Schedule SE (see page SE-3).

Exception. If your only self-employment income was from earnings as a minister, member of a religious order, or Christian Science

practitioner and you filed Form 4361 and received IRS approval not to be taxed on those earnings, do not file Schedule SE. Instead,

write “Exempt–Form 4361” on Form 1040, line 55.

May I Use Short Schedule SE or Must I Use Long Schedule SE?

Did You Receive Wages or Tips in 2003?

Yes

Are you a minister, member of a religious order, or Christian

Was the total of your wages and tips subject to social security

Science practitioner who received IRS approval not to be taxed

Yes

or railroad retirement tax plus your net earnings from

on earnings from these sources, but you owe self-employment

self-employment more than $87,000?

tax on other earnings?

Yes

Are you using one of the optional methods to figure your net

earnings (see page SE-3)?

Yes

Did you receive tips subject to social security or Medicare tax

that you did not report to your employer?

Yes

Did you receive church employee income reported on Form

W-2 of $108.28 or more?

You May Use Short Schedule SE Below

You Must Use Long Schedule SE on page 2

Section A—Short Schedule SE. Caution. Read above to see if you can use Short Schedule SE.

Net farm profit or (loss) from Schedule F, line 36, and farm partnerships, Schedule K-1 (Form

1065), line 15a

Net profit or (loss) from Schedule C, line 31; Schedule C-EZ, line 3; Schedule K-1 (Form 1065),

line 15a (other than farming); and Schedule K-1 (Form 1065-B), box 9. Ministers and members

of religious orders, see page SE-1 for amounts to report on this line. See page SE-2 for other

44,347*

income to report

44,347

Combine lines 1 and 2

Net earnings from self-employment. Multiply line 3 by 92.35% (.9235). If less than $400,

40,954

do not file this schedule; you do not owe self-employment tax

Self-employment tax. If the amount on line 4 is:

● $87,000 or less, multiply line 4 by 15.3% (.153). Enter the result here and on

6,266

Form 1040, line 55.

● More than $87,000, multiply line 4 by 2.9% (.029). Then, add $10,788.00 to the

result. Enter the total here and on Form 1040, line 55.

Deduction for one-half of self-employment tax. Multiply line 5 by

3,133

50% (.5). Enter the result here and on Form 1040, line 28

For Paperwork Reduction Act Notice, see Form 1040 instructions.

Schedule SE (Form 1040) 2003

Cat. No. 11358Z

* See Attached Statement.

Page 19

Publication 517 - Social Security And Other Information For Members Of The Clergy And Religious Workers - 2003 Page 19

Related Articles

Related forms

Related Categories