I am a single parent and was self employeed last year how do i file my taxes? will i recieve a return?

My mother also lives with me and she recieved social security beneifits should I claim head of household or should she?I am a single parent and was self employeed last year how do i file my taxes? will i recieve a return?
Since you were self-employed, you will need to file 1040 with Schedule C. You will need your gross receipts and expenses from your business. You will also have to use Schedule SE to find your self employment tax, i.e. the unemployment and social security taxes that are normally split between the employer and employee.





The rules for Head of Household are complicated. One of you has to be able to claim the other as a dependent. You will probably file Head of Household for you and your child and your mother will file Single. Here is an article explaining the whole HoH mess. http://www.internet-taxprep.com/plindex.鈥?/a>





The easiest way to figure this stuff out is to use an on-line tax program. Also, you can see how much you are getting back before you pay.





I like this one because it donates part of your fee to charity.


http://www.internet-taxprep.com/hopeworl鈥?/a>


or


http://www.internet-taxprep.com/wichitas鈥?/a>





But, don't use turbotax; they sometimes get your numbers wrong.I am a single parent and was self employeed last year how do i file my taxes? will i recieve a return?
You should file as head of household, if you provided more than half support to your mother.





Generally, employees have SS and Medicare tax, as well as federal and state taxes deducted from their paychecks. The employer also pays SS and Medicare tax on the employer. Since you are your own boss, you will have to pay SS and Medicare tax twice. However, you can deduct reasonable business expenses. It is hard to say if you will get a refund, but probably not.
If you made $500,000 and didn't pay any taxes, you can forget about a refund.

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