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23078 Federal Register / Vol. 70, No. 85 / Wednesday, May 4, 2005 / Proposed Rules Instructions: Please submit comments only and cite FOR case 2005 102 1 in all correspondence related to this case.
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What is form 1402?
Form 1402 is a tax form used to report self-employment income and calculate the self-employment tax.
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Individuals who have net earnings from self-employment of $400 or more must file form 1402.
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To fill out form 1402, you need to provide your personal information, calculate your net earnings from self-employment, and determine the self-employment tax using the provided instructions.
What is the purpose of form 1402?
The purpose of form 1402 is to report self-employment income and calculate the self-employment tax owed by individuals.
What information must be reported on form 1402?
You must report your net earnings from self-employment, which includes income from your business or profession, on form 1402.
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