My employer did not provide me with a W2 for 2014. So I am having to file taxes with a 4852 form attached.
In 2013, I did not have a business and 100% of my wages were from this company. In 2014, I did have a business and earned an estimated $163,800 (Same as 2013) + $14,302.24 with my business.
But I do not think I entered the information in correctly, as the final taxes show me as owing $11,910.87 taxes on $14,302.24 earned.
Can you please look at the two attached and see where I went wrong and how much of a total check do I send into the IRS for my $14,302.24 (on top of the $163,800 in wages earned.. $178,102.24 total)
2013 Filed Taxes: $163,800 in Wages
2014 Taxes I am Filing: $163,800 in Wages (4852 form) + $14,302.24 from business (Schedule C form) = $178,102.24 total. I can't owe $11,910 on $14,302.24 earned? Where did I go wrong?