As an actor, all of my income this year is from W-2s. Still feel like I should use schedule C...?
Feel like I should utilize Form Schedule C, since I still work like an independent contractor and believe I should enjoy the further tax deductions as such. I am a little ignorant about tax preparation, etc. By not deriving a sizable amount of income as an independent contractor, am I not financially hurt by the fewer ways to deduct expenses, etc.? Can anyone adivse me on this? I feel like I run my own business even though I am occassionally hired by film production companies and studios which put me on their payrolls temporarily. (I get W-2s) Thanks.
Public Comments
- If all of your income has been reported to the IRS on W-2's you do not need to file Schedule C. You only need to file Schedule C if you actually worked as an independent, even if you didn't receive any 1099's/
- Receiving a W-2 means you were considered an employee. If that was your only income, then you should not file Sch. C for the tax deductions such as milage, meals, or lodging. However you can report this on Sch. A if you itemize as unreimbursed job expenses.
