peachfront on Nostr: nprofile1q…6npxa nprofile1q…9qvnz the $1200/hr tax lawyer is not a friend ...
nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqaka6wf78hfaqpz060r246dq80lmtjx6uf7wapct4ljluyfx956hs76npxa (nprofile…npxa) nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqptcsfd9r82maaxxfngrnkser47h9rnvn2u4pnqt3cuk6xzv2z4qsm9qvnz (nprofile…qvnz)
the $1200/hr tax lawyer is not a friend
standard deduction is $15K for all, + since kid is extremely low income they may also have an earned income credit
so the problem's the Schedule C, this tax "lawyer" is likely failing to put the business deductions on the Schedule C to prove biz only netted $7K & thus kid only owes self-employment tax of (6,600x0.153)=~$1K not $3K
peachfront's law: never use "friends" for business services
the $1200/hr tax lawyer is not a friend
standard deduction is $15K for all, + since kid is extremely low income they may also have an earned income credit
so the problem's the Schedule C, this tax "lawyer" is likely failing to put the business deductions on the Schedule C to prove biz only netted $7K & thus kid only owes self-employment tax of (6,600x0.153)=~$1K not $3K
peachfront's law: never use "friends" for business services