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IRS 1040 SCHEDULE SE Self-Employment Tax Form

In the case of wanting to know the amount of taxes on income from self-employment, the following form has to be completed and submitted.

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No
0064	
Did  you  receive  tips subject  to social  security  or Medicare  tax 
that you did not report to your employer? 	Yes 0061	
No
0064	
No 
0060	Did  you  report  any wages  on Form  8919,  Uncollected  Social 
Security and Medicare Tax on Wages?	Yes 0061	
0061	You must use Long Schedule SE on page 2  0064	
Section A\227Short Schedule SE.   Caution.  Read above to see if you can use Short Schedule SE. 
1a Net farm  profit  or \(loss\)  from Schedule  F, line  34, and  farm  partnerships,  Schedule K-1 \(Form 
1065\), box 14, code A ........................	
1a 	
b	If you  received  social security  retirement  or disability  benefits, enter the amount  of Conservation  Reserve 
Program payments included on Schedule F, line 4b, or listed on Schedule \
K-1 \(Form 1065\), box 20, code Y 	
1b 	\(	\)
2  Net profit  or \(loss\)  from Schedule  C, line  31; Schedule  C-EZ, line 3; Schedule  K-1 \(Form  1065\), 
box  14, code  A \(other  than farming\);  and Schedule  K-1 \(Form  1065-B\),  box 9, code  J1. 
Ministers  and members  of religious  orders, see instructions  for types  of income  to report  on
this line. See instructions for other income to report  ..............	
2 	
3  Combine lines 1a, 1b, and 2 
.....................	3 	
4  Multiply 
line 3 by  92.35%  \(.9235\). If less  than  $400,  you do not  owe  self-employment  tax; do 
not file this schedule unless you have an amount on line 1b ...........	0061	4 	
Note.  If line  4 is  less  than  $400  due to Conservation  Reserve Program  payments  on line  1b, 
see instructions.
5  Self-employment tax. If the amount on line 4 is: 
\225 $110,100  or less,  multiply  line 4 by  13.3%  \(.133\). Enter the result  here and on Form  1040,  line 56, 
or Form 1040NR, line 54 
\225 More than $110,100, multiply line 4 by 2.9% \(.029\). Then, add $11\
,450.40 to the result. 
Enter the total here and on Form 1040, line 56, or Form 1040NR, line 54 .......	
5 	
6  Deduction for employer-equivalent portion of self-employment tax. 
If the amount on line 5 is: 	
\225 $14,643.30 or less, multiply line 5 by 57.51%  \(.5751\)
\225 More  than $14,643.30,  multiply line 5 by  50%  \(.50\) and add 
$1,100 to the result.
Enter  the result  here and on Form  1040,  line 27, or Form 
1040NR, line 27  ...............	
6 	
For Paperwork Reduction Act Notice, see your tax return instructions.	Cat. No. 11358Z	Schedule SE \(Form 1040\) 2012

Schedule SE \(Form 1040\) 2012	Attachment Sequence No. 	17	Page 	2 	
Name of person with self-employment income \(as shown on Form 1040\)	Social security number of person  
with self-employment income 	0061	
Section B\227Long Schedule SE 
Part I 	Self-Employment Tax 	
Note. If your only income subject to self-employment tax is church employee income, see instructions. Also see instructions for the 
definition of church employee income.
AIf you  are a minister,  member of a religious  order, or Christian  Science practitioner  and you filed  Form  4361,  but you 
had $400 or more of other net earnings from self-employment, check here and continue with Part I ......	0061	
1a	Net  farm  profit  or \(loss\)  from Schedule  F, line  34, and  farm  partnerships,  Schedule K-1 \(Form  1065\), 
box 14, code A. Note. Skip lines 1a and 1b if you use the farm optional method \(see instructi\
ons\)      	
1a 	
b	If  you  received  social security  retirement  or disability  benefits, enter the amount  of Conservation  Reserve 
Program payments included on Schedule F, line 4b, or listed on Schedule \
K-1 \(Form 1065\), box 20, code Y 	
1b 	\(	\)
2  Net profit  or \(loss\)  from Schedule  C, line  31; Schedule  C-EZ, line 3; Schedule  K-1 \(Form  1065\), 
box  14, code  A \(other  than farming\);  and Schedule  K-1 \(Form  1065-B\),  box 9, code  J1. 
Ministers  and members  of religious  orders, see instructions  for types  of income  to report  on
this  line.  See instructions  for other  income  to report.  Note. Skip this line if you  use the nonfarm
optional method \(see instructions\) ....................	
2 	
3  Combine lines 1a, 1b, and 2 ......................  	3 	
4 a	If line 3 is more than zero, multiply line 3 by 92.35% \(.9235\). Otherw\
ise, enter amount from line 3	4a 	
Note. If line 4a is less than $400 due to Conservation Reserve Program paymen\
ts on line 1b, see instructions.	
b If you elect one or both of the optional methods, enter the total of lin\
es 15 and 17 here ..	4b 	
c	Combine lines 4a and 4b. If less than $400,  stop; you do not owe self-employment tax. 
Exception. If less than $400 and you had church employee income, enter -0- and continue  	0061	4c 	
5  a
Enter your church employee income from Form W-2. See  
instructions for definition of church employee income ...	
5a 	
b Multiply line 5a by 92.35% \(.9235\). If less than $100, enter -0- ..........	5b 	
6  Add lines 4c and 5b ........................	6 	
7 
Maximum  amount of combined  wages and self-employment  earnings subject to social  security 
tax or the 4.2% portion of the 5.65% railroad retirement \(tier 1\) tax \
for 2012 ......	
7 	
8 a
Total  social  security  wages and tips \(total  of boxes  3 and  7 on 
Form\(s\) W-2\) and railroad retirement \(tier 1\) compensation. 
If $110,100 or more, skip lines 8b through 10, and go to line 11 	
8a 	
b	Unreported tips subject to social security tax \(from Form 4137, line 10\
\) 	8b 	
c Wages subject to social security tax \(from Form 8919, line 10\) 	8c 	
dAdd lines 8a, 8b, and 8c .......................	8d 	
9  Subtract line 8d from line 7. If zero or less, enter -0- here and on lin\
e 10 and go to line 11 .	0061	9 	
10 Multiply the smaller of line 6 or line 9 by 10.4% \(.104\) .............	10 	
11  Multiply line 6 by 2.9% \(.029\) .....................	11 	
12 	Self-employment tax. Add lines 10 and 11. Enter here and on Form 1040, line 56, or Form 1040NR, line 54	12 	
13 
\225 59.6% \(.596\) of line 10.
\225 One-half of line 11.	Deduction for employer-equivalent portion of self-employment tax.  Add the two following amounts.  	
13 	
Part II	Optional Methods To Figure Net Earnings  \(see instructions\) 	
Farm Optional  Method. You may  use this method  only if \(a\)  your  gross  farm income	1
 was  not more 
than $6,780, or \(b\) your net farm profits	2   were less than $4,894. 
14  Maximum income for optional methods ..................	
14 	
15 
Enter the smaller  of: two-thirds  \(	2/3\) of  gross  farm income	1 \(not  less  than  zero\)  or $4,520.  Also 
include this amount on line 4b above ...................	
15 	
Nonfarm  Optional Method. You may  use this method  only if \(a\)  your  net nonfarm  profits	3
 were  less than  $4,894 
and  also  less than  72.189%  of your  gross  nonfarm  income,	4
  and  \(b\) you  had  net earnings  from self-employment 
of at least $400 in 2 of the prior 3 years.  Caution. You may use this method no more than five times.	
16  Subtract line 15 from line 14 ......................	16 	
17 
  Enter the smaller of: two-thirds \(	2/3\) of gross nonfarm income	4
  \(not less than zero\)	 or  the 
amount on line 16. Also include this amount on line 4b above ...........	
17 	1 From Sch. F, line 9, and Sch. K-1 \(Form 1065\), box 14, code B. 2 From Sch. F, line 34, and Sch. K-1 \(Form 1065\), box 14, code A\227minus the 
amount you would have entered on line 1b had you not  used the optional 
method. 	
3 From Sch. C, line 31; Sch. C-EZ, line 3; Sch. K-1 \(Form 1065\), box 14,\
	 code 	A; and Sch. K-1 \(Form 1065-B\), box 9, code J1.4 From Sch. C, line 7; Sch. C-EZ, line 1; Sch. K-1 \(Form 1065\), box 14, \
code  C; and Sch. K-1 \(Form 1065-B\), box 9, code J2. 	
Schedule SE \(Form 1040\) 2012	
Enter the result here and on Form 1040, line 27, or Form 
1040NR, line 27  ...............
Next: IRS 1040 SCHEDULE E Supplemental Income and Loss Form Previous: Iowa Corporation Income Tax Return Form
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