Music. Hello guys, it's Alice. Welcome to another Freelance Friday video. This is actually my second video in the series. I hope you enjoyed last week's video. I will leave that linked down below in a playlist. But if you are clicking on this video, you're obviously in need of some tax return advice. I have been filing tax returns since I was 16. I'm now 23, so that was 7 years ago, and I've learned a fair bit. I'm still not an expert, as I always say, so if there's anything I miss or anything I say a little bit wrong, please do let me know in the comments. But I am here to share what I've learned over the past 7 years and some tips because I've had quite a few of you guys asking me what to do and how to get started. So if you enjoy this video, you know what to do. Give it a thumbs up, make sure you subscribe for my future Freelance Fridays, let me know what you'd like to see next, and we're gonna go straight into it. Firstly, I want to describe the basic idea of a tax return, what it is that you're actually telling the taxman, because I know that I just didn't get it. I didn't get what I was telling him, what number I needed to know, like, I just didn't get it. So I've made a handy little diagram which I'll put on the screen here. I've also written a full blog post with all this information in written form, so if you want to go and check that out after I've told you in the video, please do. I'll leave that link down below. So the basic idea of it is that you need to know...
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2790 Self Employment Record Form: What You Should Know
SELF-EMPLOYMENT RECORDS IL (R-4-05).  Page 1 of 2 Use this form to record information on: (Employment income only) IL-11-10-1 — Use this form to record information on employment income only. ID 52434 (R-4-07) Self-Employment Record — Illinois (I-1023, IL/IL-11-17) Form 1355 (IL/IL-11-17) IL-11-22 (a).  Page 1 of 2 Use this form to record information on: (Self employment income only) IL-11-23.  Page 1 of 2 IL-11-20.  Page 2 of 2 Use this form to record information on self employment income only. (Self-employment income and self-employed income are different.) Use this form to record information on non-self-employment income only. WAG-07-01-a: Self-Employment — Identity (FCC) Give a non-self-employed client a supply of Self-Employment Records (Form 2890) and a copy of ID card (ID 52434). ID 52434 (R-4-27) Use this form to record information on: Employed income (self-employment, business, and other sources) ID 52435 (R-4-26).  Page 1 of 2 Use this form to record information on income from all sources. IL 52448. (R-16-10) Use this form to record information on income from all sources. Use with ID card. WAG 24-01-01-a: Self-Employment (Self-Establishment) IF 1023(b) does NOT show up then you must complete Form 9990. NOTE: IF your Social Security number is 1023 then you must include it on Form 9990 and have your SSN notated if your SSN is not 1023. If your Social Security number is 1023 then you must complete it on Form 9990. (Self-Establishment) The purpose of this self-employment form is to get information about whether they are self-employed or not.
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Video instructions and help with filling out and completing Form 2790 Self Employment Record
