Form 1040-SS U.S Self-Employment TAx Return (Including the Additional

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I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 1040SS, PAGE 1 of 4
MARGINS: TOP 13mm (1⁄ 2 "), CENTER SIDES.
PRINTS: HEAD TO HEAD
PAPER: WHITE WRITING, SUB. 20.
INK: BLACK
1
FLAT SIZE: 216mm (8 ⁄ 2 ") 3 279mm (11")
PERFORATE: ON VERTICAL
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Date

Form

1040-SS

Department of the Treasury
Internal Revenue Service

Please type or print

Signature

O.K. to print
Revised proofs
requested

U.S. Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern
Mariana Islands (CNMI), or Puerto Rico. For the year Jan. 1–Dec. 31, 2007,
or other tax year beginning
, 2007, and ending
, 20

If a joint return, spouse’s first name and initial

OMB No. 1545-0090

2007

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Last name

Your social security number

Last name

Spouse’s social security number

Present home address (number, street, and apt. no., or rural route)

City, town or post office, commonwealth or territory, and ZIP code

Part I

2

Date

U.S. Self-Employment Tax Return (Including the Additional Child Tax
Credit for Bona Fide Residents of Puerto Rico)

Your first name and initial

1

Action

Total Tax and Credits

Filing status. Check the box for your filing status. See page 4 of the instructions.
Single
Married filing jointly
Married filing separately. Enter spouse’s social security no. above and full name here. ©
Qualifying children. Complete only if you are a bona fide resident of Puerto Rico and you are claiming the additional child
tax credit (see page 5 of the instructions).
(b) Child’s
(c) Child’s
(a) First name
Last name
social security number
relationship to you

3
4
5
6
7
8
9
10
11
12a

Self-employment tax from Part V, line 12
Household employment taxes (see page 4 of the instructions). Attach Schedule H (Form 1040)
Total tax. Add lines 3 and 4 (see page 4 of the instructions)
6
2007 estimated tax payments (see page 4 of the instructions)
7
Excess social security tax withheld (see page 4 of the instructions)
8
Additional child tax credit from Part II, line 3
9
Health coverage tax credit. Attach Form 8885
Total payments and credits. Add lines 6 through 9
If line 10 is more than line 5, subtract line 5 from line 10. This is the amount you overpaid
Amount of line 11 to be refunded to you. If Form 8888 is attached, check here ©
© c Type:
Checking
Savings
b Routing number
d Account number
©
13 Amount of line 11 to be applied to 2008 estimated tax
13
14 Amount you owe. Subtract line 10 from line 5. For details on how to pay, see page 1
©
of the instructions

Third Party
Designee
Sign
Here
Joint return?
See page 2.
Keep a copy
for your
records.

©

Paid
Preparer’s
Use Only

Do you want to allow another person to discuss this return with the IRS (see page 2)?

3
4
5

10
11
12a

14

Yes. Complete the following.

No

Designee’s
Phone
Personal identification
©
© (
)
©
name
no.
number (PIN)
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my
knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than the taxpayer) is based on all information of which
the preparer has any knowledge.
Daytime phone number
Your signature
Date
(
Spouse’s signature. If a joint return, both must sign.

Preparer’s
signature

©

Firm’s name (or
yours if self-employed),
address, and ZIP code

)

Date

Date

©

For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see page 8 of the instructions.

Check if
self-employed

Preparer’s SSN or PTIN

EIN
Phone no.
Cat. No. 17184B

(

)
Form

1040-SS

(2007)

1
I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 1040SS, PAGE 2 of 4
MARGINS: TOP 13mm (1⁄ 2 "), CENTER SIDES.
PRINTS: HEAD TO HEAD
PAPER: WHITE WRITING, SUB. 20.
INK: BLACK
1
FLAT SIZE: 216mm (8 ⁄ 2 ") 3 279mm (11")
PERFORATE: ON VERTICAL
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Page 2
Bona Fide Residents of Puerto Rico Claiming Additional Child Tax Credit—See page 5 of the
instructions.

Form 1040-SS (2007)

Part II

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1

Income derived from sources within Puerto Rico

1

2
3

Withheld social security and Medicare taxes from Forms 499R-2/W-2PR (attach copy of form(s))
Additional child tax credit. Use the worksheet on page 6 of the instructions to figure the
amount to enter here and on page 1, line 8

2

Part III

3

Profit or Loss From Farming

Name of proprietor

Social security number

Note. If you are filing a joint return and both you and your spouse had a profit or loss from farming, you must each complete and
attach a separate Part III (see Joint returns on page 4 of the instructions).
Section A—Farm Income—Cash Method
Complete Sections A and B. (Accrual method taxpayers, complete Sections B and C, and Section A, line 11.)
Do not include sales of livestock held for draft, breeding, sport, or dairy purposes.
1
2
3
4
5a
6
7
8
9
10
11

1
Sales of livestock and other items you bought for resale
2
Cost or other basis of livestock and other items reported on line 1
Subtract line 2 from line 1
Sales of livestock, produce, grains, and other products you raised
Total cooperative distributions (Form(s)
5a
1099-PATR)
5b Taxable amount
Agricultural program payments received
Commodity Credit Corporation loans reported under election (or forfeited)
Crop insurance proceeds
Custom hire (machine work) income
Other income
Gross farm income. Add amounts in the right column for lines 3 through 10. If accrual method
©
taxpayer, enter the amount from Section C, line 50

3
4

5b
6
7
8
9
10

11
Section B—Farm Expenses—Cash and Accrual Method
Do not include personal or living expenses (such as taxes, insurance, or repairs on your home) that did not produce farm income.
Reduce the amount of your farm expenses by any reimbursements before entering the expenses below.
12
13
14
15
16

17

Car and truck expenses
(attach Form 4562)
Chemicals
Conservation expenses
Custom hire (machine work)

12
13
14
15

Depreciation and section 179
expense
deduction
not
claimed elsewhere (attach
Form 4562 if required)

16

Employee benefit programs
other than on line 25
18 Feed purchased
19 Fertilizers and lime
20 Freight and trucking
21 Gasoline, fuel, and oil
22 Insurance (other than health)
23 Interest:
a Mortgage (paid to banks, etc.)
b Other
24 Labor hired
35
36

25

17
18
19
20
21
22
23a
23b
24

Pension and profit-sharing
plans
26 Rent or lease:
a Vehicles, machinery, and
equipment
b Other (land, animals, etc.)
27 Repairs and maintenance
28 Seeds and plants purchased
29 Storage and warehousing
30 Supplies purchased
31 Taxes
32 Utilities
33 Veterinary, breeding, and
medicine
34 Other expenses (specify):
a
b
c
d
e

©
Total expenses. Add lines 12 through 34e
Net farm profit or (loss). Subtract line 35 from line 11. Enter the result here and in Part V, line 1

25

26a
26b
27
28
29
30
31
32
33
34a
34b
34c
34d
34e
35
36
Form

1040-SS

(2007)

1
I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 1040SS, PAGE 3 of 4
MARGINS: TOP 13mm (1⁄ 2 "), CENTER SIDES.
PRINTS: HEAD TO HEAD
PAPER: WHITE WRITING, SUB. 20.
INK: BLACK
1
FLAT SIZE: 216mm (8 ⁄ 2 ") 3 279mm (11")
PERFORATE: ON VERTICAL
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Form 1040-SS (2007)

Page

3

Section C—Farm Income—Accrual Method
Do not include sales of livestock held for draft, breeding, sport, or dairy purposes on any of the lines below.
37
37 Sales of livestock, produce, grains, and other products during the year
38b
38a
38a Total cooperative distributions (Form(s) 1099-PATR)
38b Taxable amount
39
39 Agricultural program payments received
40
40 Commodity Credit Corporation loans reported under election (or forfeited)
41
41 Crop insurance proceeds
42
42 Custom hire (machine work) income
43
43 Other farm income (specify)
44
44 Add the amounts in the right column for lines 37 through 43
45 Inventory of livestock, produce, grains, and other products at the
45
beginning of the year
46
46 Cost of livestock, produce, grains, and other products purchased during the year
47
47 Add lines 45 and 46
48
48 Inventory of livestock, produce, grains, and other products at the end of the year
49
49 Cost of livestock, produce, grains, and other products sold. Subtract line 48 from line 47*
50 Gross farm income. Subtract line 49 from line 44. Enter the result here and on page 2, Part III, line 11 ©
50

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*If you use the unit-livestock-price method or the farm-price method of valuing inventory and the amount on line 48 is larger than the amount on
line 47, subtract line 47 from line 48. Enter the result on line 49. Add lines 44 and 49. Enter the total on line 50 and on Part III, line 11.

Part IV

Profit or Loss From Business (Sole Proprietorship)

Name of proprietor

Social security number

Note. If you are filing a joint return and both you and your spouse had a profit or loss from a business, you must each complete
and attach a separate Part IV (see Joint returns on page 4 of the instructions).
Section A—Income
1
1 Gross receipts $
Less returns and allowances $
Balance ©
2a
2a Inventory at beginning of year
2b
b Purchases less cost of items withdrawn for personal use
2c
c Cost of labor. Do not include any amounts paid to yourself
2d
d Materials and supplies
2e
e Other costs (attach statement)
2f
f Add lines 2a through 2e
2g
g Inventory at end of year
2h
h Cost of goods sold. Subtract line 2g from line 2f
3
3 Gross profit. Subtract line 2h from line 1
4
4 Other income
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5 Gross income. Add lines 3 and 4
5
Section B—Expenses
6
6 Advertising
18 Rent or lease:
7
8
9
10
11

12
13
14
15
16
17
26
27

Car and truck expenses
(attach Form 4562)
Commissions and fees
Contract labor
Depletion
Depreciation and section 179
expense
deduction
(not
included in Section A).
(Attach Form 4562 if
required.)
Employee benefit programs
(other than on line 17)
Insurance (other than health)
Interest on business
indebtedness
Legal and professional services
Office expense
Pension and profit-sharing plans

7
8
9
10

11
12
13

a Vehicles,
machinery,
equipment
b Other business property

and

19
20
21
22

Repairs and maintenance
Supplies (not included in Section A)
Taxes and licenses
Travel, meals, and entertainment:
a Travel
b Deductible meals and entertainment
23 Utilities
24 Wages not included on line 2c
25a Other expenses (list type and amount):

14
15
16
25b Total other expenses
17
Total expenses. Add lines 6 through 25b
Net profit or (loss). Subtract line 26 from line 5. Enter the result here and in Part V, line 2

©

18a
18b
19
20
21
22a
22b
23
24

25b
26
27
Form

1040-SS

(2007)

1
I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 1040SS, PAGE 4 of 4
MARGINS: TOP 13mm (1⁄ 2 "), CENTER SIDES.
PRINTS: HEAD TO HEAD
PAPER: WHITE WRITING, SUB. 20.
INK: BLACK
1
FLAT SIZE: 216mm (8 ⁄ 2 ") 3 279mm (11")
PERFORATE: ON VERTICAL
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Page 4
Self-Employment Tax—If you had church employee income, see page 3 of the instructions before you begin.

Form 1040-SS (2007)

Part V

Name of person with self-employment income

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Social security number of person
with self-employment income ©

Note. If you are filing a joint return and both you and your spouse had self-employment income, you must each complete a
separate Part V.
If 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 V

A
1

Net farm profit or (loss) from Part III, line 36, and your distributive share from farm partnerships.
Note. Skip this line if you use the farm optional method (see page 7 of the instructions)

2

Net nonfarm profit or (loss) from Part IV, line 27, and your distributive share from nonfarm partnerships.
Ministers and members of religious orders, see page 3 for amounts to report on this line. See page
6 for other income to report. Note. Skip this line if you use the nonfarm optional method (see page
8 of the instructions)

Combine lines 1 and 2

3

1

2
3

4a If line 3 is more than zero, multiply line 3 by 92.35% (.9235). Otherwise, enter amount from
b
c
5a

b
6
7
8a

line 3
If you elect one or both of the optional methods, enter the total of lines 2 and 4 of Part VI here
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 ©
Enter your church employee income from Form(s) W-2, W-2AS,
W-2CM, W-2GU, W-2VI, or 499R-2/W-2PR. See page 3 for definition
5a
of church employee income
Multiply line 5a by 92.35% (.9235). If less than $100, enter -0©
Net earnings from self-employment. Add lines 4c and 5b
Maximum amount of combined wages and self-employment earnings subject to social security
tax for 2007
Total social security wages and tips from Form(s) W-2, W-2AS,
W-2CM, W-2GU, W-2VI, or 499R-2/W-2PR. If $97,500 or more, skip
8a
lines 8b through 10, and go to line 11

4a
4b
4c

5b
6

97,500

7

00

b Unreported tips subject to social security tax from Form 4137, line 9

(see page 7 of the instructions)

8b

c Wages subject to social security tax from Form 8919, line 10 (see

page X of the instructions)

8c

d Add lines 8a, 8b, and 8c
9
10
11
12

Subtract line 8d from line 7. If zero or less, enter -0- here and on line 10 and go to line 11
Multiply the smaller of line 6 or line 9 by 12.4% (.124)
Multiply line 6 by 2.9% (.029)
Self-employment tax. Add lines 10 and 11. Enter here and on line 3 of Part I

Part VI

©

8d
9
10
11
12

Optional Methods To Figure Net Earnings. See pages 7 and 8 of the instructions for limitations.

Note. If you are filing a joint return and both you and your spouse choose to use an optional method to figure net earnings, you
must each complete and attach a separate Part VI.
1
2

Farm Optional Method
Maximum income for optional methods
Enter the smaller of: two-thirds (2⁄ 3 ) of gross farm income (Part III, line 11, plus your distributive
share from farm partnerships), but not less than zero; or $1,600. Include this amount on Part V,
line 4b, above

3
4

Nonfarm Optional Method
Subtract line 2 from line 1
Enter the smaller of: two-thirds (2⁄ 3 ) of gross nonfarm income (Part IV, line 5, plus your distributive
share from nonfarm partnerships), but not less than zero; or the amount on Part VI, line 3, above.
Include this amount on Part V, line 4b, above

1,600

1

00

2
3

4
Form

1040-SS

(2007)