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Because this number reflects taxable earnings before deductions were made, it could be more than the amount in box 1.

  • Then the total on schedule 1 line 9 goes to 1040 line 7a.

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This is something that people often miss and so their tax bills are higher than they expected.

  • Read up on self-employment taxes as that is the bear that bites newly minted sole-proprietors.

  • Those Prime-eligible countries are the United States, United Kingdom, Spain, Japan,Italy, Germany, France, Canada and Austria.

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