The tax preparer filed a Sch. C, Profit and Loss From a Sole Proprietorship, for your 2007 tax return. When you filed a Sch. C, Social Security Tax (12.5% rate) is charged on net profit up to $97,500. You should have the tax preparer file an amended tax return to correct his error for you. Have the preparer change the income from a Sch. C to other income. You should receive a refund for the Social Security Tax paid.
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