Self-employed business owners can use the shorter Schedule C-EZ to report their business income and expenses. You qualify to use Schedule C-EZ if your total business expenses are $5,000 or less. If your expenses are more than $5,000 or if you are reporting a business loss (expenses are greater than your income), then you must use the longer Schedule C. Schedule C-EZ (PDF, 2 pages, includes instructions) Should I File Schedule C or Schedule C-EZ? (IRS.gov) Tips for Schedule C-EZ (About.com) What Counts as Business Income? Business income is income you earned because you owned and operated a business. The IRS explains business income this way: "If there is a connection between any income you receive and your business, the income is business income. A connection exists if it is clear that the payment of income would not have been made if you did not have the business." (Publication 334) Business income includes: Income received for services rendered as an independent c...

How will an undocumented member of a mixed-status family claim the exemption? Since the penalty for not having health insurance is a tax penalty, the individual mandate will be enforced by IRS through the income tax return filing process. In order to avoid the tax penalty, each member of a tax-filer’s household, including each member of a household in which the tax-filer uses an ITIN, will have to provide information about his or her health insurance or indicate that he or she is eligible for an exemption. The individual mandate begins in 2014, so exempt noncitizens will claim their exemption on the household’s income tax return for 2014, which must be filed by April 15, 2015. It is unclear what the 2014 income tax return form will look like,23 but an exempt noncitizen should be able to claim the exemption without disclosing his or her immigration status.

Si usted puede pagar por un seguro y en el 2014 no tiene cobertura, tendrá que pagar  una multa . Tendrá que pagar la multa durante todo el tiempo que no tenga la cobertura. Cuando los que no están asegurados necesitan atención médica Cuando una persona sin seguro necesita atención urgente, generalmente muy costosa, pero no paga la factura, todos los demás acaban pagándola. Este es el motivo por el cual la Ley de salud (a bajo costo) le obliga a obtener cobertura a todas las personas que puedan pagarla o los multarán. Las personas sin seguro tendrán que pagar el total de la factura médica. No tendrán protección sobre los gastos de salud que a veces pueden llevarlos a la bancarrota. La multa que pagará en el 2014 La multa que pagará si no está asegurado para el 2014, es el 1% de su ingreso anual o $95 anuales por persona, lo que sea más. La multa por los niños no asegurados es $47.50 por niño. Lo máximo que pagará una familia será $285. Estas cantidades aumentarán desp...