by Taylor
(San Diego)
Every I see says to fill out form 4361 to opt out of social security. However this form doesn't say social security, it says "Exemption from Self-Employment Tax." Form 4029 says "Exemption from Social Security."
Do I have to fill out both forms? What's the difference?
1Comments
What's the difference between form 4361 and form 4029?
AAnonymous -MN
Pastors are duel status and for SS are considered self employed and therefore pay Self Employee Tax and not SS.
If you are a Pastor you would opt out of Self Employee Tax.
If you are a Pastor you would opt out of Self Employee Tax.