Accounting Or Tax

Members of the Maryland Association of Certified Public Accountants are answering readers' tax questions in advance of Monday's filing deadline. How do you get back a minor child's excess tax payments? You must file a federal return to get a refund of federal taxes. For Maryland taxes that were overwithheld, you can use the Special Refund Request Form 123 to get back a minor child's excess tax payments. Carol Katz, CPA, Leonard J. Miller & Associates, Chtd. The above advice is for general purposes only and is not intended as legal, accounting or tax advice.

Members of the Maryland Association of Certified Public Accountants are answering readers' tax questions in advance of Monday's filing deadline. How do you get back a minor child's excess tax payments? You must file a federal return to get a refund of federal taxes. For Maryland taxes that were overwithheld, you can use the Special Refund Request Form 123 to get back a minor child's excess tax payments. Carol Katz, CPA, Leonard J. Miller & Associates, Chtd. The above advice is for general purposes only and is not intended as legal, accounting or tax advice.

Members of the Maryland Association of Certified Public Accountants are answering readers' tax questions through April 15.Q: If you make money outside of your regular job, for instance as a musician being paid for a concert or show, how do you declare that money on your taxes? As part of your wages? Or does it need to be reported as self-employment income? Where do you list it?A: Self-employment income should be reported on Schedule C, along with related expenses, such as supplies, automobile usage, etc. If there is a profit, you may owe self-employment tax on this net profit.