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Message: <blockquote data-quote="bacha29" data-source="post: 3356478" data-attributes="member: 58386">Again it's Box 3 versus Box 7 income. Now to do it your way declaring it FICA subjected self employment income simply to postpone not eliminate taxes on just 6500$ but exposing the rest to FIT and FICA would cost me in excess of $5000 in additional tax which would take awhile to recoup using the modest uptick in Social SecurityRemember too almost every American is designated a cash basis calendar year taxpayer and this settlement in the interest of expediency was dumped into just one year and even if we could have gone back and amended for each one of those years we would have had to pay interest on the unpaid balance for all those years which would have  been considerable given the time line.</blockquote>