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This document contains official instructions for IRS Form 1040-SS , U.S. Self-employment Tax Return (Including the Bona Fide Residents of Puerto Rico) - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 1040-SS is available for download through this link.
Q: What is IRS Form 1040-SS?
A: IRS Form 1040-SS is the U.S. Self-employment Tax Return specifically designed for self-employed individuals.
Q: Who should file IRS Form 1040-SS?
A: Self-employed individuals who are bona fide residents of Puerto Rico should file IRS Form 1040-SS.
Q: What is the purpose of IRS Form 1040-SS?
A: The purpose of IRS Form 1040-SS is to report self-employment income and calculate the self-employment tax.
Q: What is the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico?
A: The Additional Child Tax Credit for Bona Fide Residents of Puerto Rico is a tax credit for qualifying residents of Puerto Rico who have children.
Q: Are there any specific requirements to be considered a bona fide resident of Puerto Rico?
A: Yes, there are specific requirements to be considered a bona fide resident of Puerto Rico, such as having a tax home in Puerto Rico and spending a certain amount of time there.
Q: What is the self-employment tax?
A: The self-employment tax is a tax that self-employed individuals are required to pay to fund their Social Security and Medicare benefits.
Q: Can I claim the Additional Child Tax Credit on IRS Form 1040-SS?
A: Yes, you can claim the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico on IRS Form 1040-SS.
Q: What documents do I need to complete IRS Form 1040-SS?
A: You will need documentation of your self-employment income, expenses, and any qualifying children for the Additional Child Tax Credit.
Q: When is the deadline to file IRS Form 1040-SS?
A: The deadline to file IRS Form 1040-SS is usually April 15th, unless it falls on a weekend or holiday.
Instruction Details:
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