Self-Employment Types
The 3 different self-employment business ownership types.
What are Sole Proprietorship; Partnership; and Subchapter S Corporation?
The acronym SEIRF means this.
What is Self- Employment Income Reporting Form?
Clicking the HELP button from the Self-Employment page will bring up this resource which instantly displays information about each field on the page.
What is System Help?
It is a best practice to complete SEI worksheets in this format to utilize embedded automatic calculations.
What is electronic?
A self-employed roofer breaks their leg and cannot work for 3 months.
What is a significant change?
This type of business is unincorporated and owned by an individual.
What is a Sole Proprietorship?
The 2 most common ways to verify Self-Employment income.
What are tax returns/taxes or SEIRFs?
CWW will request this form as verification when the business is new, does not file taxes, or has a significant change.
What is a SEIRF?
On the Self-Employment page, the 'Number of Months for Average' field will only be used when these are requested as verification.
What are taxes?
If a food unit claims ALL shelter costs as a business expense, these are not allowed.
What are shelter deductions?
This type of business is owned by 2 people who both contribute to the business.
What is a Partnership?
Under MAGI rules, these can offset other kinds of income for a self-employed person.
What are self-employment losses?
CWW will request these as verification when taxes have been filed and no significant change is reported.
What are taxes/tax returns?
The Farm SEIRF lists additional gross business ______ that are unique to farming operations.
What are expenses?
A food cart operator reports that she has decided to sell ramen noodles instead of sushi. This does not qualify as a ________ change.
What is significant?
This type of business passes income, losses, deductions, and credits through to shareholders.
What is a Subchapter S Corporation?
Income from selling securities and other property.
What are capital gains?
When a business reports a Net Operating Loss (NOL) it is recorded on this CWW page, not on the Self-Employment page.
What is the BC Plus Tax Deductions page?
This tax form is used to report earnings received from a business owned solely by an individual.
What is Schedule C?
If worksheets for these business types are not used or not sent to ECF, it is a Quality Control Error.
What are Partnerships and S Corporations?
If this service is performed in the home of the child, the activity is NOT considered self-employment.
What is babysitting?
FoodShare policy states workers must NOT use these to offset other earned or unearned income.
What are losses from self-employment?
Income or losses reported on a Schedule D tax form are recorded on this page in CWW and NOT on the Self-Employment page.
What is an Unearned Income page?
Even if a farmer has not filed taxes, they have the option to complete this tax form instead of a Farm SEIRF.
What is the Federal Tax Form 1040?
This field on the Self-Employment page will only be enabled if 'Rental' was selected in the Business Type field.
What is "actively engaged in managing this business?"